When most people think of a flood, they might think of events like Hurricane Katrina, or Hurricane Sandy. These were huge devastating storms that caused billions of dollars in damage.
In reality, most floods are caused by far less catastrophic situations. It only takes a few inches of standing water to cost tens of thousands of dollars.
If you're looking for a affordable flood insurance, we've got you covered.
Did you know that every single house in the entire country is in a FEMA flood zone? It's just that some flood zones are worse than others.
In most situations, you will have a 30-day waiting period when you buy flood insurance, so don't wait until it's too late!
Homeowners Insurance Does Not cover Flood Damage
Regardless of where you live, flood insurance has to be purchased as a separate, stand-alone policy. It is not covered by homeowners insurance.
Flood insurance policies also reimburse you for the work that you and other family members did to sandbag your homes, move furniture and remove debris.
If you live in certain flood zones, your mortgage company may require that you purchase a flood insurance policy.
If you live outside a high-risk zone, or if you no longer have a mortgage, flood insurance is optional.
Flood Insurance FAQs
1. Does standard homeowners insurance cover floods?
Answer:
No. Most standard policies exclude flood damage. Flood insurance is a separate policy that protects your home and belongings from rising water.
2. Who needs flood insurance?
Answer:
Anyone can benefit. Floods can occur outside high-risk zones, so even properties not in floodplains may be at risk. Coverage provides financial security for unexpected events.
3. What does flood insurance cover?
Answer:
It typically covers structural damage, electrical systems, appliances, and personal belongings. Some policies also include temporary living expenses if your home becomes uninhabitable.
4. How long does it take to get flood insurance?
Answer:
Policies usually take 30 days to become effective, so plan ahead, especially in flood-prone seasons.
5. Can I get flood insurance for a rental property?
Answer:
Yes. Landlords can insure the building, and tenants may purchase contents coverage for their belongings. G&G can help determine the right policy for your situation.
What Does Flood Insurance Cover?
When you look at your home insurance, you’ll often notice you’re covered for water damage. This is any damage to your home and the items in your home caused by water from pipes. Flood insurance typically covers the same things, but when the water damage is caused by water that has entered your home from the land. This usually means it’s seeping through the foundation after being on land.
Flood insurance can cover:
- Your home (the building, foundation, plumbing, electrical, flooring, etc.)
- Your property (the items inside your home like furniture, electronics, water heaters, appliances, etc.)
- Reimbursement of work done to salvage and clean up your home
Standard policies are often limited to $250,000 for the building and $100,000 for its contents, though additional coverage can be added. Policies can also be built to cover only the building, only the contents, or both.
Contact G&G Independent Insurance to create your custom flood insurance policy.
How to Get Started on Your Flood Insurance Quote
With our affordable flood insurance, you don't have to compromise on quality to maintain your budget. Embrace the peace of mind that comes with knowing your home is safeguarded against the unexpected.
Want to explore statewide coverage? Visit our main Flood Insurance in Arkansas page for a deeper look at policies, protections, and options available across the state.
