Flood insurance is something that is usually not included with homeowners insurance. This is usually offered to homeowners, renters, condo owners/renters, and commercial owners/renters, and is especially a good idea for those people who live in flood-risk areas like those on the coast or those who live in a desert area that has risk for flash floods.
Depending on where you live, however, you will be limited to certain policies. Your premiums as well will be calculated depending on factors like the following:
- Years of Building Construction
- Building Occupancy
- Number of Floors
- Location of Contents
- Flood Risk
- Location of the Lowest Floor in Relation to the Elevation Requirement
- Deductible That You Choose
For the basics of what flood insurance covers, flood insurance will usually cover damage from the direct result of flooding and not from anything else like flooding due to a broken pipe or flooding from a broken appliance. If you have any questions or concerns about flood insurance, feel free to send us your questions. We would be happy to help if you should feel you need flood insurance.