Living below sea level and surrounded by water on all sides, New Orleans’ homeowners have unique insight into the threats posed by flooding. Many New Orleanians learned the catastrophic consequences of flooding in the aftermath of Hurricane Katrina, and for those homeowners without proper flood insurance, the damages were dire.
Flooding and other water-related damages are common exclusions in almost every home insurance policy. However, every home lies in a flood zone and has the risk of experiencing a flood triggered by heavy rains, hurricanes, and even overloaded drainage systems. Many flood-related claims are miles from the nearest body of water.
While flood damage is not covered by most homeowners’ insurance plans, you can protect yourself with the purchase of a flood insurance policy from the government-administered National Flood Insurance Program (NFIP). The rates for these flood insurance policies are set by the NFIP, and they are sold by independent insurance agents like Eustis.
If your community participates in the NFIP, you can buy flood insurance for your building and contents regardless of whether your property is located in a high or a low flood risk area. Newly issued flood policies have a 30-day waiting period, so don’t wait until the next storm is barreling towards Louisiana before deciding to purchase a policy.
Learn about the risks of flooding in your area, the flood zone your property is located in, and the coverage you need to keep your home high and dry by contacting the insurance specialists at Eustis today.
Is your house in flood zone? This tool can help answer that question.
Contact our office by clicking on the button below for answers to any of your flood questions. We are here to help you navigate Congress’ changes to the flood program.