The Ins and Outs of Flood Insurance Quotes

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Flood insurance, Elementary


Floods can happen anywhere! Know that one inch of floodwater can cause up to $25,000 in damage. Flood insurance is a separate policy than homeowners or renters that can cover buildings, the contents inside, or both.  The damage from a flood is not covered under a standard homeowner's policy. Flood insurance is a special policy that is federally backed by the National Flood Insurance Program (NFIP) and available for homeowners, renters and businesses.

How does it work?


The Federal Emergency Management Agency (FEMA) works with insurers so that homeowners and renters can purchase flood insurance policies. This insurance is available where local governments have adopted adequate floodplain management regulations under the National Flood Insurance Program (NFIP). It covers direct physical loss from floods and from flood-related erosion caused by currents or waves of water in excess. 


What are the risks of not having Flood Insurance?


  • Damage or Loss of Home

  • Damage of Loss of Contents inside Home

  • Loss of coverable contents outside Home


Flood Maps

FLOOD MAP

It is important for you to know the flood maps in your area.


Flood maps are the designated areas across the country FEMA deems to be at-risk for flooding.


There are 3 levels at each flood risk area which are:

High-risk

Moderate-risk

Low-risk. 


Ways to Find Out Your Flood Zone:


  • Contact your local community planning or building permit department


Federal Assistance


Federal disaster assistance is only available if the President declares the situation a disaster. Disaster assistance typically 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

Elementary is focused on helping you increase your savings, raising your deductible, providing you with discounts and applying credit as much as possible. Learn more about Elementary homeowners insurance products, or if you’re ready to take the next step, call (813) 212-8505 for a FREE no obligation quote.
Location: 1101 E Cumberland Ave, Tampa, FL 33602, USA

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