Flood Insurance for Florida Homes
Many people are not aware that their Florida homeowners insurance policy does not include flood damages. Radiant customers can purchase flood insurance as a companion policy at a multi-policy discount for those with homeowners and/or fire protection policies. In 1968 the U.S. Congress created the National Flood Insurance Program to protect property owners from damages incurred by hurricanes, tropical storms, heavy rains and other natural weather conditions. Those who live in a flood zone qualify for NFIP flood insurance provided their community joined the NFIP by agreeing to sound floodplain management practices. Flood insurance policies have a 30-day waiting period before coverage begins, so homeowners are urged to take action—before the rain starts.
Those who live in lower-risk areas have the advantage of lower premiums, but low risk is not the same as no risk. The majority of floods are the result of small, localized storm activity. Just glance over these surprising facts from NFIP:
- It only takes a few inches of water to cause thousands of dollars of damage inside a home
- Flash floods can bring walls of water between 10 and 20 feet high
- A car can be carried away by as little as two feet of floodwater
- Flood risk can change with new development if natural runoff paths are altered
- Those living outside of high-risk areas file more than 20% of flood insurance claims and receive one-third of disaster assistance
Your Radiant Insurance agent will be able to guide you in assessing your risk factors, the natural factors in your area, and the availability/cost of Flood Insurance.