Flood Insurance

Many Georgia communities face the threat of flooding, particularly after heavy storms. Many personal or commercial policies, including home insurance, renters insurance, and commercial property insurance, do not provide coverage for flooding-related losses or damages. That’s why you need flood insurance. To learn more about flood insurance or to get a quote, contact Beach Insure today.  

What Flood Insurance Coverage Is Available? 

Two types of coverage are available: structure insurance, which protects your house, and contents coverage, which insures your belongings. Coverage may also be available for debris removal, loss avoidance and cost of compliance.  

Who Needs Flood Insurance? 

Many personal or commercial policies don’t provide coverage for flooding-related losses or damages. Federal disaster assistance is only available if the U.S. president formally declares a disaster. However, even if you receive disaster assistance, it’s a loan you must repay with interest—and this loan may be in addition to your existing mortgage loan. 

If you live in a community that participates in the National Flood Insurance Program (NFIP), you might be able to purchase an NFIP plan. The NFIP underwrites most flood insurance, usually through an insurance company or the NFIP Direct system.  

When Should I Buy Flood Insurance? 

Flood insurance doesn’t usually take effect until 30 days after purchasing a policy. If you wait until a storm is forecasted, it’s already too late to purchase a policy and be covered for flooding-related damages caused by that storm. 

However, a lender may require that you have flood insurance to make, increase, extend or renew your loan; with these requirements, there isn’t a waiting period.  

How To Get Flood Insurance 

Beach Insure can help Georgia residents with their flood insurance needs. Call us today to get started on your flood insurance policy.