Living Near Water? Why Flood Insurance Is a Must-Have

Living near bodies of water can increase the risk of flood damage. Standard homeowners policies typically do not cover flood damage, which means you could face high out-of-pocket costs after a severe storm or rising waters.

Why Is Flood Insurance Important?

Flood insurance may help cover the cost of repairing or replacing your home and personal property when damaged by flood waters. Policies are usually offered through the National Flood Insurance Program or some private insurers. Once you have coverage, your insurer may pay for qualified damages caused directly by flooding after you meet your deductible. For Lake Worth, FL residents, this added layer of financial security can be crucial.

What Does Flood Insurance Cover?

Standard policies may cover the structure of your home and your personal belongings, including:

• Foundations, walls and flooring
• Detached garages up to a set limit
• Clothing, appliances and furniture
• Electrical, HVAC and plumbing systems
• Computers, TVs and other electronics
• Washing machines and dryers

Some policies may also help with cleanup costs after a flood, including debris removal. Coverage limits and details vary per insurance provider, so review your policy carefully before enrolling.

How Much for Coverage?

Flood insurance prices can vary based on factors such as your home’s location, elevation, construction type, and the coverage you choose. Homes in high-risk flood zones often have higher premiums, while properties outside those zones may qualify for lower rates. Reviewing these factors with one of our agents can help you understand your options and select coverage that suits your needs.

Contact Us

The Marvelous Associates Inc. is a trusted flood insurance provider in Lake Worth, FL. Contact us today to learn more or to get a free flood insurance quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.