Flood Insurance for Your Home

As the second leading cause of natural disasters in 2019, you would be smart to invest in flood insurance.

The devastation caused by floods is not only devastating to your life but could also cause significant financial damage. Homeowners policy does not typically protect you, and flood insurance may even be compulsory. If you're at flood risk, you probably already know the dangers you face without flood insurance, and even if you're not in a high-risk area, you should know that getting flood insurance coverage is still a very wise decision.

The best flood insurance companies today provide home owners, renters, and business owners with a wide range of benefits and flood insurance discounts. Still, prospective policy holders need to carry out thorough research on which flood insurance company provides them with the best service and coverage at a price that meets their budget needs.

Well, look no further! Ted Todd Insurance is here to help. We offer some of the best rates in Florida, and our customer service is second to none. We'll take care of everything for you so that you can relax and enjoy your property rain or shine.

Looking for peace of mind and protection from floods for your Florida home or business? Contact us today to speak with an experienced flood insurance agent for a free quote. Let us help you find the perfect flood insurance policy.

a family stands outside in the rain, happy, at peace that they're protected by flood insurance

Why Have Flood Insurance?

Flood insurance is always a good idea to protect your property and investment from flood damage. But specifically, Florida has many high-risk areas. In fact, there's a 26% chance of facing a flood during a 30-year mortgage.

What Is Flood Insurance?

Flood insurance provides financial protection against flood damage for homeowners, renters, and business owners.

What Does Flood Insurance Cover?

Flood insurance covers structural damage to a home or personal property caused by a flood. However, there are specific variables to consider when purchasing flood coverage, and some flood insurance options are just that--optional. Consult with an experienced insurance agent to discuss your flood insurance options in-depth.

How Much Does Flood Insurance Cost?

The cost of a flood insurance premium depends on many factors. And it's always best to consult with an agent about your unique situation before you purchase flood insurance. However, the cost of flood insurance coverage typically depends on a few factors.

Factors that Influence the Cost of Flood Insurance Coverage

  • Location

  • Level of coverage

  • Type of property

  • Age of your home

Flood Insurance FAQs (Frequently Asked Questions)

  • Yes, it's recommended to purchase flood insurance for multiple reasons, especially in the state of Florida. For one, flooding is not covered by homeowners insurance. That means you may face financial hardships by covering flood damage loss out of pocket.

  • It can be confusing sometimes to differentiate damage from a storm and damage from a flood that was caused by a storm. Here's a helpful distinction:

    • If the storm caused flooding as in rising water from the ground up, you’re covered from that damage to your home

    • If the storm rips your roof off and water comes in that way, you’re not covered from that damage to your home

  • Yes, there's a 30-day waiting period, unless a customer has flood insurance coverage already or the new flood insurance policy is on a new closing with a mortgage.

  • No, flooding can occur any time. Even if it won't cover your most recent flood damage--if it occurred before purchasing your flood insurance policy--a new policy will protect from future, covered flooding.

  • You might know you're in a high-risk area, or know for a fact that you're not in an area with flood risk. Regardless, there's still a 26% chance of flood within a 30-year mortgage. Also, strangely enough, 25% of all flood insurance claims come from areas not considered high risk. That's why it's highly recommended to purchase flood insurance no matter where you reside.

Related Flood Insurance Terms

  • Flood insurance Marketplace

  • Flood Insurance Policies

  • Flood insurance Rate Map (FIRM)

  • FloodSmart.gov Premium Estimator

  • National Flood Insurance Program (NFIP)

  • Preferred Risk Policy (PRP)

  • Federal Emergency Management Agency

  • Federal Flood Insurance

  • Excess Flood Insurance

  • Flood Coverage

  • Homeowners Insurance