Flooding is the most common and most costly natural disaster in the United States. It is completely unpredictable and can occur anytime and anywhere, causing billions in damages. Flooding can occur following a disaster like a hurricane or a severe storm, as a direct result of rising water levels from a river or canal overflow, or even a heavy rainfall. Just an inch of floodwater can cause severe and costly damage to your home and possessions.
The Importance of Flood Insurance
Florida is especially prone to experiencing floods. Every home is at some risk of experiencing flood damage from rising water, yet only a small percentage of homes have flood insurance coverage. According to the National Flood Insurance Program (NFIP), 8 out of 10 households are not covered by flood insurance. You do not need to live in a flood zone to experience flood damage. In fact, FEMA reports roughly 25% of all flood claims come from moderate to low-risk areas and living in Florida, you are at a greater risk of experiencing flood damage. FEMA estimates nearly 2.5 million homes in Florida are in flood hazard zones, which is more than three times the amount in any other state in the U.S.
Flooding is not covered under your homeowner's insurance policy.
Many homeowners believe a standard home, condo, or renter’s insurance policy cover flood coverage; however, flood coverage is not included in a standard homeowners insurance policy. Homeowners insurance policies will cover sudden and accidental damage caused by a covered peril, such as a plumbing leak not due to wear and tear, or during a hurricane, if the wind blows off a portion of your roof tiles, and the water coming from above causes damage to your home. If, however, during a hurricane the ground becomes saturated, and the water rises from the ground and into your home, this is flood damage. Flash flooding and rising water is considered a gradual event and not covered by your standard insurance.
If you live in Florida, you need flood insurance.
Although Florida is known as the “Sunshine State”, it is at an increased risk of experiencing floods. Here are three reasons why you need flood coverage as a Florida homeowner:
- According to NOAA, Florida has been hit with the most hurricanes in recorded history.
- Florida has mostly flat terrain and is predominately at low elevation and when waters rise, it can spread far and wide.
- With Florida having the second-longest coastline in the U.S. with 8,436 miles along the Gulf of Mexico and the Atlantic Ocean, the state is at an elevated risk of experiencing floods due to rising tides.
The past few hurricane seasons have taught us the importance of flood insurance. Hurricanes Katrina, Irma, Harvey, and most recently Ian, caused costly, widespread, and massive destruction from flood waters. It is not possible to predict rising water or prevent this fast, damaging event from causing thousands of dollars in out-of-pocket expenses. Having a flood policy in place will provide peace of mind knowing your loss will be covered and your home will be restored.
The Windward Insurance Agency can Help
At The Windward Insurance Agency, our number one priority is the safety of you and your family. Without protection in place, you and your family can be set back thousands of dollars and be forced to wait on repairs. Obtaining flood coverage is your best protection. Flood insurance is currently offered through the NFIP and private carriers like Wright Flood, one of our flood partners. Other carriers, may offer a certified flood endorsement to eligible policyholders, replacing the need for a standalone flood policy. A standard flood insurance policy provides coverage up to $250,000 for your home and up to $100,000 worth of coverage for your personal belongings.
In a sea of options, the Windward Insurance Agency can help you find the right insurance coverage for you and your family. We have cultivated relationships with the top carriers in our State who are ready to provide quotes and options to those we represent. Let us help you navigate insurance, start by getting a quote online or call us today at 866-231-2433 for assistance.
