Residents who don't own the property they live in, you can still get coverage for your personal property! Worried about the next hurricane? DID YOU KNOW, damage from a hurricane, wind, theft, or fire and all other perils, this policy will benefit you.
Renters insurance has the same deductibles and similar coverage available as a homeowner.
1. How much coverage do I need for Flood Insurance?
- The building coverage should match the dwelling coverage on the home insurance policy.
2. When do I need flood insurance?
- Closing on a loan? Mortgage companies typically require flood insurance when the property is in a flood zone, ie. AE
- There is a standard 30 day wait period for flood insurance to be in effect.
3. Who is the carrier?
- NFIP - National Flood Insurance Program.
- Private market companies for flood insurance (if acceptable by mortgage company).
4. Why?
- Two inches of water in a single family home can cost $25,000 or more in damage.
- Hurricanes can create surge. In the Bahamas, the islands had over 20 feet of flooding and damage in homes.
Tropical Storm Update: Hurricane Dorian is on track to continue north towards the Carolina's. Please keep the Bahamas in your thoughts as water surge, high winds, and damage continues to affect the residents.
Tropical Storm Gabrielle is on track to NOT affect the United States. There is an expected turn north Saturday Morning to stay in the Atlantic Coast to the East of Bermuda.
There is a cyclone of weather disturbance developing off the coast of Africa. According to the National Hurricane Center, as of Wed. 9/6/19 there is a 20% chance of development within the next 5 days.