Marilyn Todd Insurance is a Georgia-based insurance agency. This means we understand the natural disasters that Georgia residents face.
Flooding is the most common and most expensive natural disaster in the United States. Flood Insurance protects your home or business from rising water.
Why should you care?
Here is why. 1 inch of water in your home can cost over $40,000 in repairs and displace you from your home or office for several months!
According to the National Flood Insurance Program, 30% of all floods occur outside of a flood zone. This means that even though you are not in a designated flood zone, it does not mean your house is safe from flooding. Whether it be a named storm, a flash flood, or intense rain, floods can happen anywhere.
Homeowners Insurance rarely covers flood damage for your home or property. Flood Insurance isn’t always optional. For example, let’s say your home is in a high-risk flood zone. Then, your mortgage company will require insurance coverage for flooding.
Even if you’re not in a high-risk flood zone, a flood insurance policy is a wise investment.
Most flood insurance policies are through the National Flood Insurance program. This means that your policy is secured by the Federal Government. You get the financial stability of the U.S Government AND the excellent service of our agency.
We provide competitive rates, and our customer service is second to none. We’ll handle everything so that you may enjoy your property rain or shine.
Protect your home and your belongings!
Click below to talk to a flood insurance agent and protect what matters most!
Why Have Flood Insurance?
Flood insurance is always a smart idea to protect your property and investment from flood damage. Georgia has several high-risk areas. In fact, there’s a 26% chance of suffering from a flood during a 30-year mortgage.
What Is Flood Insurance?
Flood insurance is a form of insurance that protects you against the costs of having your property damaged by floodwater. It covers homeowners, renters, and business owners, even those who live in areas prone to floods.
What Does Flood Insurance Cover?
Flood insurance covers the cost of repairing or replacing damaged property caused by a flood. However, there are several criteria to consider while purchasing flood coverage, and some flood insurance policies are simply that–optional. In-depth discussions regarding your flood insurance choices should be had with an experienced insurance professional.
What Does Flood Insurance Not Cover?
Here is what is not covered by Flood Insurance:
- Damage from leaking water heaters
- Overflow from swimming pools
How Much Does Flood Insurance Cost?
A flood insurance premium is determined by a variety of criteria. Before buying flood insurance, it’s essential to contact an agent to discuss your unique circumstances.
The cost of flood insurance coverage, on the other hand, is generally determined by a few factors.
Factors that Influence the Cost of Flood Insurance Coverage
- Location
- Level of coverage
- Type of property
- Age of your home
Flood Insurance FAQs (Frequently Asked Questions)
Do I Need Flood Insurance?
Yes, it is strongly advised to get flood insurance for a variety of reasons, especially in Georgia. Flooding isn’t covered by homeowners insurance, so you may be left with a large bill if your property suffers from flooding.
Does Flood Insurance Cover Water Damage From A Storm?
It might be tough to tell the difference between storm damage and flood damage caused by a storm. Here’s an important distinction to keep in mind:
- If the storm caused flooding as in rising water from the ground up, you’re covered from that damage to your home
- If the storm rips your roof off and water comes in that way, you’re not covered from that damage to your home
Is There A Waiting Period Before My Flood Insurance Policy Goes Into Effect?
Yes, there is a 30-day waiting period unless a client has flood insurance coverage already or the new flood insurance policy is on a new closing with a mortgage.
Is It Too Late To Purchase Flood Insurance?
No, flooding can happen at any time. Even if your most recent flood damage was not covered by your insurance coverage–if it occurred prior to purchasing it—a new policy will protect you from future, covered flooding.
What If I Don’t Live In A High-Risk Area?
You may be aware of your risk status or lack thereof. Regardless, there’s a 26% chance that you’ll experience a flood during a 30-year mortgage.
Also, surprisingly, 25% of all flood insurance claims are filed in areas that aren’t considered high risk. That’s why it’s critical to get coverage for floods now or risk being left vulnerable.
Related Flood Insurance Terms
- Flood insurance Marketplace
- Flood insurance policies
- Flood insurance Rate Map (FIRM)
- FloodSmart.gov Premium Estimator
- National Flood Insurance Program (NFIP)
- Preferred Risk Policy (PRP)
- Federal Emergency Management Agency
- Federal Flood Insurance
- Excess Flood Insurance
- Flood Coverage