FLOOD
INSURANCE
Flood insurance is essential for protecting your property from flood damage caused by heavy rains, hurricanes, or rising water levels events that standard home insurance won’t cover. While flood insurance covers water entering your home from outside sources like storm surges or flash floods, it’s different from water damage, which comes from inside your home, such as a burst pipe or a leaking appliance.
Whether you live in a high-risk flood zone or simply want extra peace of mind, 4ward Connect will help you find the right flood policy to ensure you’re prepared for whatever the waters bring.
Home Insurance
Doesn’t Cover Floods
Standard home insurance excludes flood damage. Flood insurance is a separate policy that protects your home and belongings from rising waters, heavy rain, or storm surges. Without it, you’re responsible for all costs.
Flood Damage Vs.
Water Damage
Flood damage and water damage may sound similar, but they’re treated very differently when it comes to insurance coverage. Flood damage occurs when water enters your home from outside sources, like rising rivers or storm surges. And water damage happens inside your home, such as from a burst pipe or overflowing washing machine, and is typically covered by home insurance depending on the policy.
Affordable Coverage
With frequent storms and unpredictable weather, many areas are vulnerable to flooding. Even if you’re not in a high-risk zone, flooding can happen anywhere making coverage essential. Flood insurance is for everyone, not just coastal homes. 4ward Connect helps you find affordable options with the right protection.
INSURANCE FLOOD
Flood insurance is essential due to the state’s high flood risk. Key terms and conditions include:
Coverage Details
- Building Property Coverage: Protects the structure of your home up to $250,000 under the National Flood Insurance Program (NFIP).
- Personal Property Coverage: Covers personal belongings up to $100,000 through the NFIP.
Policy Exclusions
- Standard flood insurance typically does not cover temporary housing, financial losses due to business interruption, or damage to vehicles.
Waiting Period
- Policies usually have a 30-day waiting period before coverage becomes effective, so it's important to plan ahead.
Premium Determination
- Premiums are based on factors such as property location, elevation, flood zone designation, and construction characteristics.
Mandatory Purchase Requirements
- Properties in high-risk flood zones with federally backed mortgages are required to have flood insurance.
Policy Renewal and Claims
- Policies must be renewed annually to maintain coverage. Claims are subject to deductibles and policy limits; prompt reporting of flood damage is crucial.
- It's essential to review your policy documents carefully to understand the specific terms, conditions, and exclusions applicable to your coverage. A 4ward Connect licensed insurance agent will provide personalized guidance tailored to your needs.
Learn About Our Competitive Prices
FAQs
Flood insurance is mandatory if you live in a high-risk flood zone and have a federally backed mortgage. Even if it’s not required, it’s highly recommended.
Flood insurance covers structural damage to your home—such as walls, flooring, and electrical systems—as well as personal belongings like furniture and appliances, caused by outside water entering the home from events like storm surges or flash floods. This is different from water damage, which comes from inside sources like a burst pipe or leaking appliance.
Flooding can happen anywhere, not just in high-risk zones. We can help you assess your risk and find the right coverage for your needs.
Most flood insurance policies have a 30-day waiting period, so don’t wait until it’s too late to get coverage.