Sherzer Insurance Blog
Disasters, human-made or natural, are terrible events that occur, especially to homes. Aside from fire and intense hurricanes, floods can take a considerable toll on your house. There are some precautionary measures you can take to protect yourself and your home from floods. One of them is getting flood insurance.
What is Flood Insurance?
As the name suggests, flood insurance protects you from floods. The insurance explicitly covers your property damaged by floods. Like any other insurance policy, the insured needs to pay a premium to access the coverage fully. The premium is based on the flood risk of your home and the deductible you pick.
What Does It Cover?
Flood insurance covers two main things:
What is Not Covered?
As there are things covered by flood insurance, there are some instances that flood insurance cannot take effect. The following are examples of those instances:
Cost of Flood Insurance
The cost of flood insurance is regulated by the National Flood Insurance Program (NFIP). The program is managed by the Federal Emergency Management Agency (FEMA). There are different factors to consider for the pricing of the policy:
Flood insurance is a must for those in flood-prone areas, especially in high-risk places. It can significantly help homeowners with the damages dealt with by such an extreme and sometimes unforeseen disaster.
At Sherzer Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (239) 673-9301 or Click Here to request a free quote.