Flood insurance is a type of property insurance. This type of insurance covers your building and its contents if they are damaged or ruined because of a flood incident. The flood can result from heavy rain, storm surges, clogged storm drainage systems, or a failure of the levee dam. It's not mandatory for every property owner to have home flood insurance in possession. However, it is a wise investment for property owners to make regardless of where they live.
Flood damage can be devastating for any family. This is because your standard home insurance policy does not cover the losses incurred during a flood. Also, you can't rely on the federal government for assistance in the event of a colossal flood situation.
The standard flood insurance policy here at Prestizia would apply to homes, apartments, condos, mobile homes, businesses, and rentals that are in flood zone areas. Typically, the home flood insurance policy is conditional on your flood zone risk.
We hold an array of options for your flood insurance in:
- Building, contents, as well as replacement cost coverages
- Various coverage options are available
- Standard flood insurance coverage
- Optional excess flood coverage
- Reasonable rates
What All Is Covered?
The building coverage is devised to cover the structure of your home or business. Furthermore, it also covers appliances and different items present in the property that is deemed part of your property. This may include HVAC units, dishwashers, and cupboards, to name a few. As a responsible homeowner, you would also want coverage for your personal property, such as furniture & fixtures, and clothing as well.
Do You Need Flood Insurance?
If you live in a flood-prone area (an area that is at high risk for floods), home flood insurance may be required by your lender. You must determine if you live in a high-risk zone in the United States so that you don't become a victim of this natural calamity.
If you think you don't live near the coast and your home is safe from flooding, think again. The bitter truth is floods can happen anywhere. Floods can occur out of the range of high-risk flood zones. As mentioned above, most homeowner’s insurance policies don't cover flood damage. Water doesn't take long to destroy your assets, and neither should you think about getting flood insurance.
When Should You Buy Flood Insurance?
Buy flood insurance as soon as you get into a new home. In a case where you already have insurance, keep a check on its termination. Flood insurance by the top-notch flood insurance company requires a 30-day waiting period before the coverage is effective.
All our policies have different options. So, to know in detail, connect with the team at 972-854-7784. We are here to help you out with all or any questions you may have regarding your flood insurance policy. Rely on us, we will try to furnish you with the best we can.Flood Insurance Form