Protection for unexpected flooding?
Flood Insurance Policy Considerations
If you own or rent your home, it’s important to insure your home and its contents against the damage of even a small flood. Depending on your dwelling’s location, your home may be rated at high-risk or at moderate-to-low risk for a flood. Flood insurance insurance premiums are based on that rating:
Types of Flood Insurance
- Moderate-to-Low Risk-Eligible for preferred rate coverage offering building and contents coverage.
- High-Risk-Eligible for standard rate coverage offering building and contents coverage
Flood Insurance Premiums
Flood insurance premiums are calculated based on example criteria below:
- Year structure was built
- Building occupancy
- Number of floors
- Flood Zone location
- The deductible and the amount of structure/contents coverage you choose