Is Flood Insurance Mandatory in Florida?

Floods are the most devastating and unpredictable as they can strike in areas where rain is rare. If you are a Pembroke Pines, FL resident, it’s paramount to buy flood insurance to avert suffering from massive financial loss. Since flooding is unpredictable, it requires one to develop a contingency plan. Statistics show that about 20% of all flood insurance claims in Florida culminate from low to moderate risk areas. Regrettably, many Pembroke Pines, FL residents only think about flood insurance when the unexpected strikes. Contact our agents at McCormick Insurance Inc.; they will assist you in getting outstanding flood insurance suiting your needs and budget, irrespective of where you reside.

Is flood insurance mandatory in Florida?

Flood insurance isn’t required for every home in Florida. Nonetheless, if your property is situated in flood-prone areas, you might need to buy coverage as a condition of your outstanding mortgage. Even if you live in low-risk areas, it’s prudent to buy flood insurance since 20% of more claims arise from low-risk regions. Since standard home insurance policies don’t cater to flood-associated losses, all Floridians should guard their dwellings with splendid separate flood insurance. It’s vital to get flood insurance among the following coverage options.

Building property coverage: This coverage safeguards the house itself. It covers the physical structure and its:

  • Window blinds
  • Furnace and water heaters 
  • Plumbing and electric systems
  • Refrigerators and dishwashers
  • Permanently installed carpets
  • Foundation

Personal property coverage: It covers personal belongings(contents)in the building. It covers:

  • Portable appliances
  • Clothing
  • Furniture
  •  Electronics
  •  Curtains
  •  Freezers and foods inside them

Do you own a house in Pembroke Pines, FL? It’s wise to consider getting flood insurance before the next storm hits. Flood insurance could salvage you from devastating losses and avert you from carrying the burden of rebuilding or repairing your house after flood damage. Would you mind not hesitating to get in touch with our agents at McCormick Insurance Inc. to get a customized quote on flood insurance?