Flood insurance is a specialized type of insurance that protects your property from financial losses caused by flooding. Unlike standard homeowners insurance, flood insurance covers damages specifically related to water overflow from rivers, lakes, or heavy rainfall.

Property owners in high-risk flood zones, as designated by FEMA (Federal Emergency Management Agency), are typically required to purchase flood insurance if they have a mortgage backed by a federally regulated lender. However, even if you live in a low-risk area, flood insurance is a wise investment considering the devastating financial consequences of flooding.

Statewide Insurance of Florida’s flood insurance policies provide comprehensive coverage for both dwelling structures and their contents. This includes:

• Structural damage: Repairs to the foundation, walls, roof, and other structural components of your property.

• Content damage: Replacement of personal belongings, furniture, appliances, and other items inside your property.

• Additional living expenses: Costs associated with temporary lodging and meals if your property becomes uninhabitable due to flooding.

The ideal amount depends on your profession, risk factors, and project value. Statewide Insurance offers flexible coverage options. Talk to an agent for a personalized quote.

The cost of flood insurance depends on several factors, including:

• Flood zone: Properties located in high-risk zones typically have higher premiums.

• Elevation of property: Lower-lying properties generally have higher premiums.

• Coverage limits: The amount of coverage you choose will impact the premium.

• Deductible: The amount you pay out-of-pocket before insurance kicks in affects the premium.

Contact our knowledgeable insurance specialists today to discuss your flood insurance needs. We’ll guide you through the process, help you understand your options, and provide you with a personalized quote.