Homeowner's Academy

This is your guide to interesting facts, tips and general homeowner information. We hope you find the information useful - and feel free to share with friends!

Flood Insurance Facts

by BROOKE GOLD HASSON | Mar 18, 2015

With last week’s downpour and flooding in South Florida, People’s Trust wants to bring you the facts on flooding.   You can also visit People’s Trust blog on homeowners safety tips for some tips on staying safe in the event of a flood.

Floods are the #1 most common natural disaster in the United States. Standard homeowners insurance doesn’t cover flooding, it’s important to have protection from the floods associated with hurricanes, tropical storms, heavy rains and other conditions that impact Florida.  Just because you haven’t experienced a flood in the past, doesn’t mean you won’t in the future. 

What is a flood?

Anywhere it rains, it can flood. A flood is a general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow. Many conditions can result in a flood: hurricanes, broken levees, outdated or clogged drainage systems and rapid accumulation of rainfall.  Floods are NOT covered by your homeowners insurance policy.   You must purchase SEPARATE Flood Insurance no matter who you are insured with for home insurance to cover yourself for a flood.

What are the statistics relating to the impacts of flood and my home?

  • Nearly 20% of Flood Insurance Claims come from moderate-to-low risk areas.
  • Eight of the most significant flood events in our nation’s history have occurred in the past two years.
  • On average, only two inches of water in your home can cause $7,800.00 or more in damage!
  • Flash floods can occur within a few minutes or hours of excessive rainfall.

Protect Yourself with Flood Insurance

Just a few inches of water from a flood can cause tens of thousands of dollars in damage. Over the past 10 years, the average flood claim has amounted to over $33,000. Flood insurance is the best way to protect yourself from devastating financial loss.

Call People’s Trust Insurance today to discuss your Flood Insurance needs: 1-866-972-1547

There is a 30-day wait on most new policies, so please act now.

Note: The above information was obtained from the Federal Emergency Management Agency (FEMA).  Flood Insurance Policies are issued by First Community Insurance Company.