Protection is available from the National Flood Insurance Program (NFIP), which offers up to $250,000 in coverage for physical damage to your insured property that occurs as a direct cause of floodwater. The policy generally excludes the contents of the home, but enhancements of up to $100,000 are also available. What’s more, SB One is experienced in obtaining coverage from alternate markets for our clients who reside in more flood-prone locations, resulting in coverage that is better suited and better priced for the exposures they endure.
If you own a high-value home, we’re likely to recommend excess flood insurance for you, which affords a greater amount of protection for the structure and contents via major increases in policy limits. In the event of a flood, an excess flood policy can pay for additional living expenses should the residence be rendered unsuitable for occupancy and is being repaired.
Many residents found out the hard way that the standard homeowners insurance policy does not include protection for flood damage, regardless of whether they have a sump pump rider or sewage and backup insurance. Again, flood insurance is what will save the day here—even offering protection in the event a rush of water creates a mudflow that damages your home.
We start evaluating your needs with a careful review of federal flood maps to determine the flood zone in which your property is located. We combine this with your property details, such as presence of a basement and low-lying windows, to pinpoint what type of insurance is called for, how much coverage is needed, and how much it will cost.