Hurricane Ian destroyed thousands of homes and left even more with significant damage. Many homeowners were left with costly out-of-pocket expenses; others were left homeless. According to the Insurance Information Institute, just 18% of Florida homeowners have flood insurance. But flood damages are not covered in most home insurance policies.
In a state prone to severe and frequent hurricanes, flood insurance and hurricane coverage are essential to protect your home, assets and financial security. Contact Iten Insurance Agency to learn how we can help you protect your Florida home.
What Is Flood Insurance?
Your standard homeowners policy will generally cover water damage from unfortunate circumstances, such as a burst pipe or snow melt. But floods are a different hazard that your home insurance policy does not typically cover. Flood insurance is a separate type of catastrophe insurance that protects your home and its contents from damages incurred during a flood.
Here are some common benefits included with this coverage:
- Structural coverage pays for damages to your home’s structure or other permanent features (e.g., foundation, electrical systems).
- Contents coverage pays for the damage or destruction of your personal possessions (e.g., furniture, clothes).
Floods can happen anywhere. More than one-fifth of all National Flood Insurance Program (NFIP) claims come from low- to moderate-risk areas. Don’t leave your home unprotected. Call Iten Insurance Agency today to learn more about our flood insurance coverage.
What Is Hurricane Coverage?
Hurricanes bring wind and water. A flood insurance policy may not be enough to protect your home from the full impact of a hurricane. Hurricane coverage combines multiple types of insurance to protect your home from hurricane-related damages. In some areas, you may be required to pay a separate hurricane deductible before your hurricane coverage kicks in.
Here are some common coverages included in hurricane coverage:
- Flood insurance pays for damage caused by rising flood waters.
- Wind insurance pays for damage caused by high winds (e.g., hurricanes, tornadoes).
When deciding how much hurricane coverage to purchase, you may want to consider the cost of rebuilding your home and replacing your possessions.
Finding the right insurance policy for your home can be daunting. Our agents are here to help. Call Iten Insurance Agency today for more information.
How Do I Get Flood Insurance and Hurricane Coverage?
For over 50 years, our agents have helped the citizens of South Florida find the right insurance for their needs. Contact Iten Insurance Agency today to learn how we can help you find the right coverage for your home.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.