Get coverage built to protect your home.
Viera Insurance Angency – The NFIP is underwritten by the federal government but sold and administered by private insurance companies, and their agents, through the “Write Your Own” (WYO) flood program sponsored by the Federal Emergency Management Administration (FEMA). Through this program, homeowners may purchase up to $250,000 of flood coverage for their home and an additional $100,000 for their contents.
What risks does your policy cover?
It depends where you live, but standard homeowners flood insurance policies will typically help pay to repair damage caused by certain risks, or perils, including:
What type of coverages are offered?
Flood: The #1 Natural Disaster in the US.
Water is fun and adventurous in your backyard pool but creates havoc when seeping into your basement or bedroom. Flood insurance holds the difference between recovering from a loss or experiencing financial devastation.
Flooding is the most common natural disaster in the United States and can occur anywhere, even in the desert; yet, a standard homeowners insurance policy does not cover flood damage. You do not have to live in a high-risk flood zone to be affected by a flood. In fact, 20 to 25 percent of flood claims originate from properties outside high-risk flood zones.
It is essential to understand your true flood risk and whether flood insurance is something you should consider to protect your home from floods associated with hurricanes, tropical storms, heavy rains, and other impactful conditions.
Are You at Risk?
No home is completely safe from potential flooding. Due to the nature of flood damage, it can be an emotionally and financially devastating event. Even just one inch of water can cause $25,000 in property damage. Without flood insurance, most individuals must pay out of pocket or take out loans to repair and replace damaged property and belongings. Even if you have homeowners, renters, condo, landlord, mobile home or business insurance, you may need to purchase a separate flood insurance policy to protect against losses from a flood.
When you have flood insurance, you recover faster and more adequately. These policies cover physical damage to your property and possessions resulting from floods or flood-related losses. The federal government operates the National Flood Insurance Program (NFIP), which issues flood insurance policies. Whether you are required to buy flood insurance or want additional protection for your property, VIA can evaluate your needs and help you decide if flood insurance is advisable through the NFIP or a private insurance company. Contact us today to learn the advantages of protecting your personal property and belongings with a flood insurance quote today.