Gulf Coast Flood Insurance
Posted on May 1, 2014
From hurricanes to sink holes, the Gulf Coast has weathered it all. The area is no stranger to floods, but ones like the most recent are a little out of the ordinary.
According to FEMA, the highest ranked natural disaster in the United State is flooding. As the Florida Panhandle and surrounding areas continue to dry from the most recent effects of the Gulf Coast flood, there seems to be no better time than now to address the subject of Florida Flood Insurance.
If you have homeowner’s insurance, do not make the mistake and think that you are covered. Perhaps one of the biggest misconceptions amongst Florida homeowners, is the fact the standard homeowner’s policies cover flood damage. Come lightning, hail, hurricane or fire you are covered with most standard policies. However, this is not the case with earthquakes and floods. Floods are easily linked to result of natural disasters, but should you choose not to opt for the proper insurance your home could be left damaged and wet.
Alternatively, if you are not insured, do not be swayed by the price. FEMA has determined that you can purchase flood insurance for a little as $129 per year. Since the entire state of Florida has been declared a flood zone, this insurance could have a huge impact on your biggest investment, your home.
Posted in: Real Estate News |Tagged: Flood Insurance, Florida Homeowners, Gulf Coast Flood, Homeowner's Insurance, Insurance.