Flood Insurance Boca Raton
In the eyes of our experienced Florida insurance agents, flooding is the least understood of all risks that Floridians face. Flood insurance is a must-have for Florida homeowners, given the frequent storms, the many flood zones that exist and the large amount of rainfall that the state receives every year. Many people mistakenly assume their renter’s or homeowner’s insurance covers damage caused by flooding. However, this is a mistaken assumption: homeowner’s and renter’s insurance typically exclude damage caused by flooding.
While flood coverage is the one of the most important type of insurance coverage for Floridians, it is not simply due to rainfall. Floods occur regularly in the Sunshine State and nearly every part of the state, particularly in South Florida, is at risk of flooding due to its low-lying nature and proximity to the ocean. Because this insurance is offered through a federal government program that sets rates based on where your property is located, the most important aspects of purchasing flood insurance coverage are selecting the right type of coverage, the best amount of coverage for your situation, and the correct deductible. The experienced insurance agents at The Gordon Agency in Boca Raton can assist you in making these important decisions to protect your home, personal possessions and business from damage caused by flooding.
Flooding Damage is Not Covered
by Most Homeowners or Renters Policies
Many Florida homeowners are surprised to learn, only after their home has flooded and they have suffered thousands or even tens of thousands of dollars of resulting uncovered losses, that their homeowner’s or renter’s insurance does not cover damage caused by flooding. Most homeowner’s insurance policies include a water exclusion that provides that damage caused by, among other things, flooding, pipe leaks, or sewage backups are not covered by the policy. Standard homeowner’s and renter’s policies provide limited coverage for damage caused by rain in certain limited circumstances, but homeowners (or renters) need to obtain separate and specific flood insurance coverage to ensure they are protected. Protecting your home and all that you own is not complete simply by procuring homeowner’s or renter’s insurance; flood coverage is an essential element of your insurance portfolio, particularly if you live in South Florida.