The cost of flood insurance for your property will be determined by several factors including the age of your home, where it is located, and the type of coverage you are purchasing.
99% of U.S. counties were impacted by a flooding event according to FEMA.
In most cases, it takes 30 days for a flood policy to go into effect once the application is submitted. There are a few exceptions to this rule.
If your property already has flood coverage and you decide to renew the policy, there generally is no waiting period- the new limits will begin when your old policy expires.
According to the National Flood Insurance Program, you are 27 times more likely to experience a flood than a fire during a 30-year mortgage.
Floods are now the most common natural disaster in the US, according to FEMA. Many homeowners don’t realize that their typical insurance policies may offer protection for plumbing-related damage and other appliance leaks, but do not cover losses involving naturally occurring floods. That’s why it is so important to have this extra layer of protection.
Even if you do not live near the ocean or a body of water, no property is safe from the possibility of flooding. Our seasoned team of insurance professionals are well versed in flood insurance, coastal homes, and elevation certificates. If you have questions about flood insurance waiting periods, you can reach out to our knowledgeable staff.
Your insurance needs are as unique as your lifestyle. You need someone in your corner to understand your goals, help you identify potential risks, and provide you with focused, personal service. Relationships are at the foundation of our work. Our team is readily available to answer any questions you may have.
The legacy of Cross Insurance has been molded through generations of family ownership, and shaped through strategic partnerships spanning decades. Our agency has partnered with established, highly-regarded boutique agencies. By combining resources, we expanded our presence.
In the event of a flood, the damage can be unbelievable. From damage to your home, vehicles, personal property, and more, it is important to protect your belongings. Just one inch of water can cause significant property damage. Within the first 24 hours, moisture, mildew or mold can damage floors, walls, electrical components and even the structural integrity of your house.
There are several factors that are considered when your insurance premium is being determined. Some of the factors are:
Cross Private Client Insurance now represents the top personal lines partners in the market.
Simple and efficient- two words that we strive for during the claims process. We have an in-house claims staff, and offer claims advocacy.
If you have experienced a loss or claim that you believe may be covered by one or more of your insurance policies, visit our claims page here.
A boutique personal insurance agency that focuses exclusively on customized risk management solutions for successful individuals and families.
Cross Insurance, Cross Private Client Insurance, and the Cross Insurance Crest are registered trademarks of Cross Financial Corp., a Maine corporation, in the U.S. Patent and Trademark Office.
