Your homeowner's insurance policy most likely excludes coverage for flooding, which ultimately is defined as rising water. Flooding can occur from storm surge or heavy rains that saturate the ground causing water to creep up and under your front door. It is estimated that one inch of water in your home can cause more than $25,000 in damage, which is not covered under your homeowner's policy. You may be asking yourself....do I really need it? To answer that question you need to first understand your risk.
Agents at Galt Insurance will work with you to assess your flooding risk and then match you with a product that best suits that need. Whether it is a federal product from the NFIP and FEMA or a private market option, which usually provides more comprehensive benefits.
It is also VERY important to understand that there will very likely be a mandatory 30 day waiting period from the date of purchase to the date your new flood policy becomes effective. With hurricane season starting on June 1, it is important to make your flood insurance buying decision as soon as possible to be sure your policy is effective ahead of the upcoming wet season in Florida.
Contact us today to discuss this very important addition to your insurance portfolio!