According to state law, Flood insurance is not required for all Palm Coast, FL residents; however, your mortgage lender will mandate coverage if your property is in an area prone to flooding. This is especially true if they are a government-backed institution. It’s important to remember that 20% of claims are related to homes for which flood insurance was not considered necessary by banks.

Flood zones are those determined by the maps produced by FEMA and reviewed every five years for updates. These designations can change, so staying abreast of labels is important. 

Also, it’s important to consider your region’s history. Floods have a way of seeming less urgent if you personally have not witnessed or experienced them. Headlines from long ago may seem challenging to view as pertinent to the modern era. These, however, are clues that what has been very likely will be again. 

Some areas are now affected by climate change and are experiencing warmer temperatures. This causes more severe flooding when they occur and increases their frequency. Your All Counties Insurance Agency & Traffic School representative can locate your Palm Coast, FL property on the FEMA map to determine where it falls in terms of risk.

Urban flooding can be an issue, especially as infrastructure fails to be maintained, and runoff can accumulate in the streets, entering buildings and domiciles. Hundred-year floods have a 1% chance of occurring in any given year. These are warnings to take seriously, as — although rare — these events are severe and can cause significant property damage. 

All Counties Insurance Agency & Traffic School aims to meet all your insurance needs, and we invite you to reach out to us today. Call or stop by our office. We look forward to answering any questions you may have. 

Flooding is a natural part of living in certain areas, but it can be devastating for homeowners in high-risk zones. That’s because the cost of flooding is often prohibitive. All Counties Insurance Agency & Traffic School of Palm Coast, FL is here to explain why floods are exceptionally costly.

The Basics of Flooding Costs

The amount of damage that a flood can cause is mainly dependent on where it takes place. Areas near rivers, creeks, lakes and other wetlands are at a much higher risk of flooding. Heavy rain, snow melt, and other precipitation also increase flood risk. According to FEMA, one inch of water can cause over $25,000 in damage. The National Flood Insurance Program reports the average claims for flood damage from their program and FEMA’s Individuals and Households Program (IHP) exceed $30,000.

Why Does Flooding Cost So Much?

Many factors contribute to flood costs, including repairing or replacing damaged property. Damage from flooding is expensive to repair because of the damage caused by pushing water under and through structures. When a flood occurs, water typically enters homes through broken windows, doors, and other structures’ openings. Once inside, it flows down the walls, destroying the drywall and other building materials.

How Does Flood Insurance Help?

Thanks to the National Flood Insurance Act of 1968, which established the National Flood Insurance Program (NFIP) as a federally run insurance program to provide coverage to people in areas with high flood risk, everyone is eligible to obtain flood insurance. The amount of coverage you receive depends on the level of risk in your area. If you live in a high-risk area and have a mortgage, your lender will likely require flood insurance for you.

Call To Action

If you live in a high-risk area in Palm Coast, FL, call All Counties Insurance Agency & Traffic School to learn more about flood insurance and how much coverage you should have.

Palm Coast, FL is no stranger to storms and flooding as a coastal city. Many consider the area one of the most vulnerable in the state for flooding. That’s why it’s so important for residents to have flood insurance.

What is Flood Insurance?

Flood insurance is a policy that helps protect you from losses caused by floods. It’s available to homeowners, renters, and business owners. Many people think that their homeowner’s insurance will cover them in the event of a flood, but this is not always the case.

Homeowner’s insurance rarely covers flood damage. That’s why it’s essential to have a separate policy for flood protection.

Why Do I Need Flood Insurance?

Floods are the most common natural disaster in the United States. No one knows when a flood will occur, so it’s vital to have protection in case of a flood. A flood can happen anywhere, not just in coastal areas.

While you may not think you live in a high-risk area for flooding, it’s still a good idea to have protection. Just one inch of water can cause extensive damage to your home or business. Flood insurance can help you repair or replace your property if damaged by a flood.

All Counties Insurance Agency & Traffic School can help you find the right policy to cover you in the event of flooding.

What Does Flood Insurance Cover?

A typical flood insurance policy covers damage to your home or business, personal property, and appliances. It can also help with the cost of temporary living expenses if your home is uninhabitable due to flood damage.

No one can predict when a flood will occur, so it’s essential to be prepared. All Counties Insurance Agency & Traffic School can help you find the right flood insurance policy for your needs in Palm Coast, FL. Call us today to get started.

Flooding is considered the most common natural disaster. Just because you live outside of a high-risk flood zone, you may not be immune to falling victim. If you live in the Palm Coast, FL area, the time is now to determine if flood insurance is right for you.

All Counties Insurance Agency & Traffic School is available to help you decide if flood insurance is a wise investment for you. We are here to help you understand the risks and costs associated with flood damage. We will work with you and guide you through all of the important considerations to help you find the coverage that best meets your needs.

Do You Need Flood Insurance?

Typically, when you think of flooding, you think of coastal areas where severe weather like hurricanes and tropical storms cause powerful winds and torrential rain. However, that is not the only way for flooding to occur.

Flash flooding can happen in a matter of minutes in areas that are prone to droughts. Property development that affects the natural drainage patterns can increase the risk of flooding. Heavy rains can create rivers of mud, which is also a type of flooding.

While you are only required to obtain flood insurance in high-risk flood areas, you should rethink the decision to forego coverage. A good rule of thumb to remember about flooding is if it can rain, it can flood.

Do not find yourself in financial turmoil after a flood in Palm Coast, FL. Take preventative action today by securing a proper flood insurance policy through All Counties Insurance Agency & Traffic School. Contact us today to find out about all of the options that we have available to protect your home and your belongings from a natural disaster. Give us a call now.