Flood Insurance in Florida

Flood Protection in Florida

Owning a home in Florida is a dream for many people. While there are plenty of great benefits that come with owning a property in this state, such as warm weather and great sightseeing, there are negatives to it as well. One concern that people in Florida will always have is the risk of floods from local waterways, bad storms, and the ocean. If you are a property owner in this state, one way to protect yourself is through a flood insurance policy. There are several reasons why you need to get flood insurance on your home.

Not Covered by Base Policy

One of the reasons why you need to get a flood insurance policy is that flood damage will not be covered by your base policy. Due to the rising risk of flood damage in some areas, many base home insurance providers no longer offer flood coverage as part of your standard policy. Since damage caused by a bad flood can be very significant, it is essential that you have the insurance you need from a separate flood insurance policy to protect your home.

Lender Requirements

Many people today take out FHA mortgages to purchase their home. If this is the case for you, the lender will undoubtedly require that you carry flood insurance if you are in a flood zone. The lender will analyze updated FEMA maps each year to determine this requirement for you.

If you are a property owner in the Deerfield Beach, FL area, having flood insurance is very important and is often a necessity as well. When you are looking for a flood insurance policy for your Deerfield Beach, FL home, you should speak with the team at Deboo Insurance Agency, Inc. to learn more about your flood insurance options. The team at Deboo Insurance Agency, Inc. can help you to decipher between all of the options available to you to make sure that you get the right protection for your home.