Flood Insurance

If you own a home in Florida, it’s good to know that typical home insurance doesn’t protect you from floods. However, if you want to protect your home from flooding, you can purchase flood insurance from Easy Coverage USA. We offer affordable, customizable flood insurance policies to meet your budget and other unique needs.

Is flood insurance mandatory?

No law in Florida requires homeowners to purchase flood insurance. However, if your home is in a flood zone area, your lender expects you to purchase flood insurance until you pay off your mortgage. However, whether flood insurance is mandatory or not, every homeowner should invest in this coverage because flood damage can be costly.

What does flood insurance cover?

Typically, flood insurance has two coverage options. The dwelling coverage protects the building structure, electrical and plumbing systems, and permanently installed appliances. If you purchase flood insurance from the National Flood Insurance Program (NFIP), the coverage is up to $250,000, but you can get additional coverage if you consider private insurers. The contents coverage covers assets like clothing, electronics, furniture, and other belongings.

If you consider flood insurance from private carriers, it may include “loss of use” coverage, which covers additional living expenses until your home is repaired. Another benefit of going the private route is that you aren’t subjected to the usual 30-day waiting period — most private carriers offer a 14-day waiting period.

What are flood insurance exclusions?

Typical flood insurance won’t cover damage to movable assets like your vehicle. Besides, flood insurance won’t cover damage due to earth movement, even if floods are the cause. You may have to seek compensation using your earthquake insurance for such damage. Additionally, flood insurance won’t cover damage from internal flooding (such as sewer backup) or mold damage unless the cause is flooding.

Protect your home with flood insurance today!

Want to safeguard your home with affordable flood insurance in Florida? Please get in touch with Easy Coverage USA for a no-obligation quote.