Spring Is Flood Season! Consider Buying Cheap Flood Insurance In Florida

Spring has now officially begin in the United States of America and while winters have reduced the likelihood of severe flooding events resulting from melting snow, it hasn’t eliminated the flooding risk caused by hurricanes, or rains according to the Insurance Information Institute (I.I.I.). Now the spring season is here and snow has started melting resulting in flood conditions in several part of the U.S. Some states are affected slowly while others can materialize in minutes like the state of Florida. Therefore, you should consider buying cheap Flood Insurance In Florida or if you already have one; renew it now.

Rising temperatures + snowmelt = flooding

Is Flood Coverage Excluded In My Standard Homeowners Policy?

Flood coverage is excluded under standard homeowners policy in Florida as well as under many commercial property policies, therefore, you need to purchase it separately.

How Can I Get Cheap Flood Insurance In Florida?

FEMA’s National Flood Insurance Program (NFIP):

Coverage for flood-caused damage is available from NFIP the federal government program. Their policies cover direct physical losses resulting from flood or flood-related erosion caused coastal storm surge, heavy or prolonged rain, snow melt, levee or dam failure, blocked storm drainage systems, or other similar causes.

The I.I.I. says: “Consumers can—and should—educate themselves about their coverage, recognize that they may have gaps in their coverage and seek guidance from an insurance professional when they purchase or renew a policy.”

2017 Flood Insurance Rates

On April 1, 2017, NFIP rates are set to increase by an average of 6% (less than the 2016 rates) and consistent with the annual rise of 5-10%.

Private insurers:

Many insurance companies in Florida provides flood coverage to its consumers. But to get cheap flood insurance policy you need to shop around and compare quotes. There are thousands of companies offering flood coverage at different prices and providing you an ease of comparing their rates online.

Independent insurance agents:

Agents work on your behalf. By asking you a series of relevant questions, they understand what level of coverage you need to protect your home and belongings. If you’re in search of cheap Flood Insurance In Florida, Diverse Insurance Group can help you getting the one.

To learn more about our policies, please visit our flood insurance section.