You may not be in an area that is labeled as a high flood risk, but it’s important to be aware that accidents can happen. Whether it’s due to a natural disaster (remember Hurricane Irma in 2017?); poor drainage systems; rapid rainfall accumulations; or even construction run-offs, flooding can happen without warning.

Did you know that most homeowners insurance policies fail to cover flood damage? Even though this extra layer of protection is optional, it could save you thousands of dollars in damage repairs that can be caused by just a few inches of water, not to mention the heartbreak and headaches that come along with uninsured repairs.

Here are some important things you need to know about flood insurance:

  • Flood insurance isn’t a standard feature for most homeowners insurance policies.
  • You may qualify for the National Flood Insurance if your area participates in the National Flood Insurance Program (NFIP).
  • Homes with mortgages from federally regulated banks or insurance lenders that are located in high-risk flood areas are required to have flood insurance.
  • If you live in a moderate-to-low risk area, you may qualify for a low-cost Preferred Risk Policy that could protect you and your home from any damage that might occur during an unexpected flood.

Knowing the risks associated with your neighborhood and what’s actually covered under your homeowners insurance policy is the first step to finding flood insurance that’s right for you. The team at We Insure can help you calculate the possibility of a flood in your area as well as assist in deciding what policy is best suited for your needs. It’s that extra step that could save you in the long run and we want to be the ones to make sure you’re covered.

Contact a We Insure agent today to discuss what kind of flood insurance is recommended for your home or business -- we’ll even give you a free quote. We welcome you to give us a call at 786-623-2123.