Do You Need Flood Insurance?

Here are some essential facts to keep in mind:

​

• FACT: Homeowners and renters insurance does not typically cover flood damage.

• FACT: More than 20 percent of flood claims come from properties outside high-risk flood zones.

• FACT: Flood insurance can pay regardless of whether or not there is a Presidential Disaster Declaration.

• FACT: Disaster assistance comes in two forms: a U.S. Small Business Administration loan, which must be paid back with interest, or a FEMA disaster grant, which is about $5,000 on average per household.  By comparison, the average flood insurance claim is nearly $30,000 and does not have to be repaid.​​

​

Maximize Savings Without Minimizing Protection

​

• Multi-policy discount. When you have two or more insurance policies, you can save big. Insuring your home and flood insurance together could help you save up to 30%.

• Easy pay plan ® 

• Claim-free discount 

 

There's No Place Like Home. Be Sure It's Protected.

​

Protect your home inside and out with a Flood insurance policy from . You'll have access to an insurance agent who can explain how you are covered by a flood policy and answer any questions you may have. Your home is where the heart is-and it's one of the biggest assets you have. 

Why Should I Renew My Policy?

 

Just because you haven’t experienced a flood doesn’t mean you never will.

Continuous coverage gives you uninterrupted protection

 

Floods can happen anytime, anywhere — to anyone.

​

An afternoon storm or backed-up storm drains could bring inches of water into your home and cause thousands of dollars in damage to walls, floors and furniture.

​

​

Having a policy in force could save you money

 

Flood risk often has a lot to do with how much you pay for your flood insurance policy. Most policyholders living in areas where the flood risk has increased and where FEMA has issued a new Flood Insurance Rate Map may renew at a rate based on their previous flood zone. This Newly Mapped Procedure allows policyholders to continue paying a lower price for their flood insurance policy based on the prior flood map for one additional year after the new flood map is issued. After the first year, policyholders will see rate increases not to exceed 18 percent per year. They are “grandfathered” in at the lower zone designation. For more information about map changes and grandfathered rates, review the fact sheet Map Changes and Flood Insurance: What Property Owners Need to Know.

​

Letting your policy lapse could cost you money

 

Keep in mind, if you ever allow your flood insurance policy to lapse once for either more than 90 days, or twice for any number of days, you may be required to provide an Elevation Certificate (EC), and you may no longer be eligible for any discounted rate you were previously paying. In recent years, legislation has changed, and grandfathered rates are slowly increasing; a policy lapse could force the discounted rate to increase instantly to the full-risk rate.

​

Protect your investment—your bank expects you to

 

If you live in a high-risk area and have a loan from a federally-regulated or insured lender, you are required to renew your flood insurance. When you purchase a home, you accept liability for any damage—from fire, wind, hail, theft or flooding—that may occur while you live there.

​

Protect your home with reliable flood insurance from Insurance Exchange of America. We offer comprehensive Florida flood insurance coverage at competitive rates, tailored to meet your needs. Whether you're searching for Florida flood insurance companies, flood insurance quotes, or affordable flood coverage, our expert team can help you find the best policy to safeguard your property. Trust us to provide top flood insurance options and the most accurate flood insurance costs in Florida, ensuring you are prepared for unexpected floods.

​

Our flood insurance services include private flood insurance, flood insurance policies, and coverage options that fit your budget. We work with leading flood insurance carriers and Florida flood insurance companies to deliver reliable protection. Need to buy flood insurance or find flood insurance in your area? We make it easy to get flood insurance quotes, understand flood insurance rates, and choose the top flood insurance providers. Protect your family and property today with the best flood insurance solutions available through our trusted network.