Flood Insurance in Florida
When you live in an area like Florida, where floods are a real risk, it's vital to protect your home. However, that's not always as easy as it sounds. For the best protection, you need a flood insurance policy from 925 Partners in Jacksonville, FL.
Home Insurance and Flood Coverage
One of the most important things to remember when you purchase home insurance is that basic home insurance policies don't offer flood coverage. Because of this, it's essential to make sure you purchase a separate flood policy if you live in a high-risk area. Keep in mind that carrying flood insurance isn't necessarily a requirement.
If you're wondering whether or not you need flood insurance, you need to determine whether or not you're living in a high-risk area. These areas have at least a 1% chance of flooding each year. If you have a mortgage from a federally insured lender and live in a high-risk area, you're required to carry flood insurance. If you live in a low-to-moderate-risk area, carrying flood insurance is optional.
Since many of the homes in the Jacksonville, FL area are prone to flooding, you may either be required to carry flood insurance or at least consider doing it for your own protection.
When there's a flood that damages your home, there's a lot of cleanup necessary. Thankfully, flood insurance can help with a lot of that. Flood insurance can pay for damage to the structure of your home as well as damage to things like your water heater, air conditioner, and furnace. Debris removal is covered too, although an additional premium is generally required to cover damage to personal property.
Living in a high-risk flood area is difficult, but it's doable with the right flood insurance policy. If you're looking to purchase flood insurance for your Florida home, call an agent at 925 Partners to learn more.