Flood Insurance For Your Home

Flooding is considered the highest-ranked natural disaster in the United States, according to FEMA. Most people living in Florida think they are not living in a flood zone. Truth is known that Florida as a state is in a flood zone; your exact location varies on the levels of risk. It is said that if you live in a Preferred Risk Zone as determined by FEMA, you could purchase flood insurance for as little as $129.00 a month. Did you know that homeowners insurance does not cover flooding in your home or property that is destroyed? The rainy season is here and flooding could happen at any time unexpectedly. As bills are being passed through the senate about flood insurance, now is the time to have your home covered. The Senate bill, SB 542, which was passed last week would aim to give more flexibility to policyholders and private insurers to select various deductible amounts and choose between insuring their property for the outstanding balance of their mortgage, the property’s replacement cost, or the actual cash value. This bill would give the insurance policyholder options.

If you have been thinking about purchasing flood insurance for your home, now is the time. Don’t wait; it takes up to thirty days for your insurance policy to be in effect. Gulf Coast Educators Insurance’s number one priority is the help you. We look forward to hearing from you, contact us today!