Flood insurance is an important type of coverage that can fill in the gap that is present in standard home insurance. Home insurance generally doesn’t include any protection from floods that are caused by nature, and flood insurance can protect you against many types of flooding. Having flood insurance allows you to protect your home against a common risk. Without flood insurance, you would have to pay for all of the damage the flood caused, and it can be highly destructive.
If you don’t have flood insurance, give us a call at Prestige Insurance Group in Miami, FL to find out more.
Why Everyone Needs Flood Insurance
It’s common for homeowners to only think about flood insurance if they live in a high-risk flooding area. These areas tend to be near water in areas where flooding is relatively common, or the slope of the land may lead to flooding. What they don’t know is that about 20% of all the claims for floods come from places that are not high-risk areas. Those who don’t have flood insurance may face tens of thousands of dollars, or even more, in repairs or even rebuilding. The National Flood Insurance Program recommends that every homeowner should have this insurance coverage.
Backing for Flood Insurance
Flood insurance works a little differently from many other insurance types. It is sponsored and backed by the government through the National Flood Insurance Program. The cost for flood insurance is always the same no matter where it is purchased from for this reason. The government sets the pricing and the terms of this type of insurance. This can be highly convenient for people who don’t want to shop around for the insurance they need.
Protect Yourself With Flood Insurance
Most homeowners should have flood insurance, especially in Florida. Call us at Prestige Insurance Group in Miami, FL to get started.