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Hurricane Season Starts June 1st. Make Certain You Understand Your Flood Insurance.

The best time to buy insurance protection is BEFORE a situation occurs.

That might mean NOW!

Hurricanes have become more prevalent and severe and depending upon where you live, it may be a question of “when” and not “if.”

Let me explain a bit about flood insurance:

Flood insurance is a type of insurance that provides financial protection to homeowners, renters, and business owners in the event of flood damage to their property. It is typically not covered by a standard homeowner's insurance policy and must be purchased separately.

Flood insurance covers the physical damage to your property and personal belongings caused by flooding. This includes damage to your home's foundation, walls, floors, furniture, appliances, and personal items like clothing and electronics. It also covers damage caused by mudslides, landslides, and related flooding events.

Flood insurance policies are typically provided by the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA). The NFIP offers two types of policies: one for residential properties and one for commercial properties.

The amount of coverage you can purchase depends on the value of your property and its contents. Generally, policies cover up to $250,000 for the structure of a home and up to $100,000 for personal belongings. For commercial properties, coverage can go up to $500,000 for the building and $500,000 for its contents.

It's important to note that there is typically a 30-day waiting period before coverage takes effect, so it's a good idea to purchase flood insurance before a flood is expected to occur.

I always believe that the best strategy is to connect with your insurance agent and discuss your coverage in detail so you can make revisions if appropriate.

As always if you have any questions, please reach out to me.

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