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Hurricanes and Flood Insurance: What Homeowners Need to Know?



Every year, the start of hurricane season brings with it the risk of flooding and other natural disasters that can cause serious damage to property and homes. Homeowners need to understand their options to protect their investment with flood insurance. This blog post will discuss the different types of flood insurance policies available and how homeowners can get the coverage they need.

Where to find flood insurance?

Consider purchasing flood insurance if you live in an area prone to natural disasters such as hurricanes, floods, or other water-related damage. Flood insurance is available through your local insurance provider or the National Flood Insurance Program (NFIP), which is operated by the Federal Emergency Management Agency (FEMA).

When shopping for flood insurance, it̵

7;s important to understand the differences between the types of coverage available. There are two basic types of flood insurance: one covers damage to the home’s structure, and the other covers damage to the home’s contents, such as furniture and electronics. Both types of flood insurance are available through most insurance providers, but the NFIP also offers coverage for additional risks, such as sewage backups, overland flooding, and mudslides.

Get flood insurance for property and contents

Once you’ve decided to purchase flood insurance, it’s important to make sure you get the right coverage for your property and contents. The NFIP offers two types of coverage for homeowners: property coverage and contents coverage. Building coverage covers the physical structure of your home, including the foundation, walls, plumbing and electrical systems. Contents protection covers personal items in the home, such as furniture, electronics and clothing.

When purchasing coverage, it is important that you understand the limits of the policy. Generally, coverage limits include the replacement cost of the covered items. For example, if you have a $200,000 home, you may only be able to get coverage up to $100,000. Some policies may not cover certain items, such as antiques or valuable works of art.

Know what flood insurance does not cover

In addition to understanding what is covered by your flood insurance, it is also important to understand what is not covered. Generally, flood insurance does not cover damage caused by water that is already on the land, such as flooding or sewer backups.

In addition, damage caused by mold, mildew or general wear and tear is not covered.

It is also important to understand that flood insurance does not cover any costs related to moving or remodeling. If your home is damaged and you need to rebuild, you will need to find other sources of financing. Additionally, if you need to move while your home is being repaired or remodeled, you will also need to find other sources of financing for those costs.

Need the best flood coverage? Contact Us!

If you are in an area at risk of flooding, you need to act now to get the coverage you need. Most flood insurance policies have a 30-day waiting period before coverage takes effect, so if you want coverage for the upcoming hurricane season, you need to act fast. Also remember that flood insurance premiums can vary greatly depending on where you live and the type of insurance you choose. It is important to compare different insurance policies and get the coverage that best suits your needs.

If you are a homeowner in a flood-prone area, you need to understand your flood insurance options. Flood insurance can provide peace of mind that your investment will be protected during a natural disaster. Shop around for the best coverage and take proactive steps to protect your home from flooding. Abbate Insurance can help you get the coverage you need for your property and contents. Contact us today for more information.


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