Studies have proven that flooding is a common occurrence in the state of Florida. In fact, back in 2014, the Florida Panhandle saw more than 20 inches of rainfall in a single month. Even the Insurance Information Institute states that all of those living in Florida should consider investing in flood insurance, flooding even the ones who don’t live on or near the coastline. When floods occur on the coastline, the water has to go somewhere, and by somewhere, this means the water goes inland, causing great risks of flooding throughout the entire state.

If you live in or near the Emerald Coast of Florida, it is important that you speak with an insurance specialist about the various flood insurance policies that are available to you. And with Hurricane Season upon us, there’s never been a better time to invest.

Does Everyone in Florida Really Need Flood Insurance?

Yes. You never know when a flood might occur, especially when living in Florida. One thing that is guaranteed, however, is that it is going to rain and it is going to rain a lot. With a flood insurance policy, you can rest easy knowing you will be provided compensation in the event a flood causes damage to your home.

Everyone living in the state of Florida is considered to live in a flood zone, but some areas are at a greater risk than others. Because of this, you will see that policies vary greatly from one another in terms of pricing. If you live in an area that is at a greater risk of flooding, then there is a good chance your monthly premiums are going to be more expensive than a person’s policy who doesn’t live in a high-risk area. Still yet, this doesn’t mean that you should have to empty your bank account to pay for flood insurance. There are affordable policies available for you to invest in.

It’s also important to understand if you have a mortgage on your home, then your mortgage holder will likely mandate that you invest in flood insurance, and this especially applies if you live in an area that is at a high risk of flooding, like Niceville. With flood insurance, though, you can please your mortgage holder while providing peace of mind to yourself that you will be compensated for any damages done to your home by flooding.

What Does Flood Insurance Cover?

One of the most common questions people ask when shopping for flood insurance is what does it cover? The truth is, the types of coverage provided will be determined by the fine print in your policy. This is why you need to read through it carefully and discuss with your insurance agent exactly what you are looking for in flood insurance in Niceville.

Most times, you can purchase a policy that protects both your home and its contents. However, only some structural parts of the home will be covered. For example, most policies will cover the cabinets and flooring of the home but not any decks or patios. Contact Niceville Insurance Agency today to learn more about flood insurance.