Hurrican Shutters

Installing "Peace of Mind"

Do you need flood insurance?

Posted by cat5shuttersllc on May 20, 2014

Do you need flood insurance?Flood insurance is mandatory if: your property resides in a Special Flood Hazard Areayou have a federally backed mortgage on a home in a high risk areayou have received a federal grant for previous flood losses and you wish to qualify for future aid.

A flood policy can cover:
flood debris cleanupstructural damage (walls, ceilings, floors, stairways, etc.)
household appliances/utilities damaged by floodwaterwall to wall carpeting, tile and other flooring surfaces

Contents coverage can cover:
furniture,collectibles, artwork, knick-knacks,clothing, shoes, accessories, jewelry, etc.Added coverages may be available for dislocation expenses such as rent, hotel stays, meals, etc.

The maximum coverage limits under a standard flood policy are $250,000 for a single family home structure ($500,000 for businesses) and $100,000 for single-family home contents (500,000 for businesses). The coverage limit for renter contents is $100,000.
Property owners living in lower risk areas may qualify for a “preferred risk” policy which provides the same coverage’s at substantially lower rates.

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