Flood insurance may not be a type of policy that most people think about very often, but everyone is glad to have it when a flood hits. However, every homeowner should have this type of insurance because of the danger of floods. A flood can cause catastrophic damage to a home. Call us at 925 Partners in Jacksonville, FL, for a flood insurance policy.

Flood Zones in Florida

There are specific areas in Florida that are designated as flood zones. These may be labeled with several years, such as 25. That means the area can expect a flood about every 25 years on average. People who buy homes inside those zones generally require flood insurance. However, flooding can also happen far outside of these zones. About 20% of all flood claims sent to insurance companies come from outside flood zones. That makes it important to have flood insurance whether or not you have a flood zone designation. Flood insurance pays for the repairs or rebuilding needed after a flood damages the home. Home insurance policies don’t cover floods, so don’t rely on your home insurance to pay for flood damage.

Government Backing

Today’s flood insurance policies are issued through the National Flood Insurance Program. This is a government program that makes funds available for those who have flood damage and flood insurance. The program guarantees it, so homeowners will know that funds will be there in case of a flood. The program sets the specific price of flood insurance so that the price will be the same no matter where you go to buy it.