Flood Insurance

Flood Insurance in Brandon

Many people in Central Florida do not recognize the need for flood insurance. Some do not consider there to be a reason to have it, while others believe they simply cannot get it.

Misconceptions About Home Flood Insurance

1. “My homeowner’s insurance policy covers flood damages.”

Fact:  Flood is excluded on almost every homeowner policy and must be purchased separately.

2. “I don’t need flood insurance because I don’t live in a high-risk flood zone.”

Fact:  You don't need to live near a river, stream, lake or other body of water to be flooded. A flood can occur with heavy rains or inadequate street drainage systems.  Some policies even consider damage due to a broken pipe as flood damage and will not cover such an event.

3. “Federal disaster assistance will cover me for all flood loss.”

Fact:  The national flood insurance program issues assistance in less than 50% of flooding situations. Disaster assistance is usually a loan and must be repaid.

4. “I’m not eligible for flood insurance.”

Fact:  If your community participates in the National Flood Insurance Program (NFIP), then nearly everyone can obtain protection. There are special rates for non-flood areas.

Homeowners Flood Insurance

Homes in high-risk flood areas with mortgages from federally regulated or insured lenders are required by law to have flood insurance. Those in medium- or low-risk flood areas are not typically required to have flood insurance, but may be required to do so by the lender.

If you are aware of what risk zone your home is in, you can verify that your risk assessment is correct and get the best flood insurance for your needs, as well as being aware of the amount of danger you face.

Whether you’re looking for homeowners flood insurance, renters flood insurance, or condo flood insurance, we can help you find the best standard flood insurance policy for you. Let us work for you to find exactly what you need.