Floods are the No. 1 natural disaster in the United States, according to the Federal Emergency Management Agency (FEMA). Even a few inches of water can cause costly damage to your home and contents. Many conditions can cause flooding: storm surges, hurricanes and even heavy rain are just some of them. And, while certain areas are prone to flooding, it can happen anywhere and at any time.
It is important to know that a standard homeowners insurance policy typically does not cover flood damage. Flood insurance policies are generally purchased separately through government programs or private market insurers.
Available to homeowners, condo owners, landlords, business owners and renters, flood insurance may cover:
- Furniture, clothing, and other belongings
- Certain cleanup expenses
- Damages to your heating and cooling system
- Repaid or replacement of flooring
The cost of flood insurance can vary depending on a number of factors including:
- Most importantly, your flood risk area. Areas with a higher risk of flooding will have a higher flood insurance cost.
- The amount of contents coverage and the deductibles you select.
- The type of property you are protecting; primary residence, nonresidential property or secondary homes.
At Clyburn Insurance we represent both federal government backed National Flood Insurance Program (NFIP) companies and we have options through the Private market. Give us a call so we can review your options. Our goal is to help you make educated decisions so you can select the program and coverages that are right for you.