Homeowners in Alabama sometimes face the threat of floods, but flood coverage is commonly excluded from standard homeowners insurance policies. Here’s how homeowners in the state can get flood insurance.
Understanding Flood Insurance Basics
Flood insurance isn’t typically included in standard homeowners insurance policies. It’s a separate policy that covers damage to your home and belongings caused by flooding. This insurance is especially important in flood-prone areas of Alabama.
Steps to Get Flood Insurance:
Getting flood insurance is a simple process, but you generally have to do it before potential flooding is imminent:
- Assess Your Flood Risk: Check flood maps for your area to understand your risk level. Our agents at Surety Ins Inc. can help you check FEMA flood maps.
- Find the Right Provider: Flood insurance can be purchased through the National Flood Insurance Program (NFIP) or private insurers. NFIP policies have set coverage limits. For more extensive coverage, consider a supplemental policy from a private insurer. Our agents can help you explore both options.
- Consider Waiting Periods: NFIP policies typically have a 30-day waiting period from the date of purchase before the policy goes into effect. Private insurers usually also have waiting periods. This is why a policy is needed before a flood.
- Purchase Policy: Actually purchase your chosen policy. Again, our agents can assist with this.
- Send to Lender: If your lender requires flood coverage, give your insurance agent the lender’s address. They’ll send over documentation showing that coverage has been purchased.
Surety Ins Inc. Is Here To Help
If you need assistance with flood insurance, contact us at Surety Ins Inc. Our team is dedicated to helping you understand your flood risk, and we’ll make sure you find the right insurance solution to protect your home.