What is Flood Insurance?
Flood insurance is the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands, floodplains and floodways that are susceptible to flooding.
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Flood Insurance Coverage Options:
Low-to moderate-risk areas
Most buildings and their contents in a low- to moderate-risk areas are eligible for a low-cost Preferred Risk policy. A Preferred Risk policy offers two types of coverage: building and contents combined or contents-only. Rates start as low as $49 per year for contents and $129 for building plus contents coverage.
If you live in a low- to moderate-risk area and you don't qualify for a Preferred Risk policy due to multiple flood losses on your property, a Standard Risk policy is available.
Customers in high-risk areas can purchase Standard Risk coverage for the building only, contents only or for both the building and contents.
Based on the value of your building and its contents, coverage is available up to the following maximum limits of the National Flood Insurance Program:
Type Building Contents
Residential $250,000 $100,000
Nonresidential $500,000 $200,000
If you need coverage beyond these amounts, you may be eligible for a separate Excess Flood policy.
Flood insurance policies cover direct physical loss by or from flood to your building and personal property. The following is an overview of items that would be eligible for coverage subject to the coverage purchased.
Building Property coverage includes:
Contact us to learn more about the right amount of flood coverage for your home.
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