Floods do more damage in Florida than in any other state, and homeowners insurance policies never cover flood damage. Fortunately, everyone in Florida is eligible to buy flood insurance from the federal government.
Development can change the land’s natural ability to absorb rain and alter rainwater runoff patterns, dramatically increasing the chances of flooding in areas that have never flooded before.
And although many floods are caused by huge storms, more result from small, localized events, such as ordinary thunderstorms. Most rainfall from hurricanes is usually produced by slow moving tropical storms that stall over an area, like last year’s Tropical Storm Fay. As hurricanes weaken and move inland, the threat of torrential rains and high winds over large areas intensifies the risk of flooding.
No matter where you live, it is important to remember that just a few inches of water in a home can cause thousands of dollars of damage, but you don’t have to spend a lot of money for flood protection.
The annual cost for a flood policy with $250,000 coverage on the building (the maximum coverage available) is only $348 per year. This means for less than a dollar per day you can add on this valuable coverage.
You can purchase a policy over the phone with a credit card, but remember, unless you are closing a new loan, there is a 30-day wait. Call us at 866.786.4613 for more info.
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Sun Insurance Services, Inc. is a family-owned and operated insurance agency located in Orlando, Florida. We write with twenty of Florida's most prestigious insurance carriers and offer our clients a broad range of choice and customization for their insurance needs. Find us on the Web at www.suninsuranceservices.com.
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