Properly Insured for Flood?

Did you know that as of June 1st, hurricane season is upon us? How many of your clients are properly insured in the case of a flood? Let our department help you determine for your clients whether they are covered properly in the case of a claim. Our department is able to place flood insurance through the Federal flood program and excess flood coverage with several of our excess carriers.

The maximum coverage through the Federal flood program is $250,000. If the replacement cost of the home exceeds this amount, the property may not be fully covered in the case of a loss. However, an excess flood policy can be purchased to insure the home up to the full replacement cost. This policy would cover any loss over the $250,000 offered through the standard flood company up to the replacement cost of your home.

For example, if the replacement cost of your home is $400,000, the standard flood policy would have the maximum limit of 250,000. The excess flood policy would then provide coverage of $150,000 to equal the full replacement cost of $400,000.

If you have any questions or would like a quote for this coverage please contact any one of our knowledgeable personal lines customer service representatives.