You may think that insuring your property covers it against any sort of damage. Unfortunately, home, landlord and commercial insurance policies do not cover you against flood damage. A flood is defined as water that emanates from the ground causing damage to your home or property. If you go into your basement and happen to find 3ft of water following a lengthy rainstorm, flood insurance will cover the damage to your home and the cost to replace whatever possessions may have been ruined.
Standard flood insurance policies are available through the Federal Emergency Management Agency (FEMA). However, increasingly, there are alternative resources for such policies. Emergent companies include Lloyds of London, Western World, ACE and others. These companies offer alternative policies that can save you quite a bit of money – we work with them in order to find you the best policy at the lowest price.
Don’t wait until you’re knee-deep in standing water – give us a call today to get a free quote or policy analysis!