Prestige Insurance Group Inc

12750 SW 128 ST Suite 210
Miami, FL 33186

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Three details you shouldn’t overlook when you buy flood insurance

It’s important for homeowners to fully understand their flood insurance policy. At Prestige Insurance Group, we make sure that homeowners in Miami, FL have all the information they need to understand their flood insurance.

The following are three details you shouldn’t overlook when you buy flood insurance:

Flood insurance requirements

Homeowners are sometimes required to have flood insurance. If you own a home in a high-risk flood area, you might need to carry a certain amount of flood insurance coverage.

Those who live in a flood zone and are still paying off a home loan definitely need to invest in flood insurance. Discuss flood insurance requirements with your lender if you are in this situation. 

Coverage for personal property

A typical flood insurance policy will include coverage for personal property. However, flood insurance policies specify a coverage maximum for personal property damage.

You should consider the value of the personal property you have in your home. Ideally, your policy should carry enough personal property coverage to cover the full value of your belongings in your home. 

Policy deductibles

Flood insurance policy deductibles typically work a little differently from how home insurance policy deductibles work. A flood insurance policy will usually have three different deductibles. These include a deductible for building coverage, contents coverage, and added living expenses. 

Make sure you’re aware of all the deductibles on your policy and that you put thought into which deductible amounts are best for your financial situation. 

Are you looking for flood insurance for your home in Miami, FL?

Prestige Insurance Group is here to help. We can offer you a quote on a flood insurance policy that will give you peace of mind and protect the value of your home. 

Partner Carriers

  • AmTurst
  • AmWins
  • Avatar
  • Foremost
  • Hagerty
  • Infinity
  • Mercury
  • Metlife
  • National Flood Program
  • National general
  • Progressive
  • Southern Oak
  • State National