Where To Buy Flood Insurance
The NFIP provides flood insurance to property owners, renters and businesses, and having this coverage helps them recover faster when floodwaters recede. The NFIP works with communities required to adopt and enforce floodplain management regulations that help mitigate flooding effects.
where to buy flood insurance
Flood insurance is available to anyone living in one of the 23,000 participating NFIP communities. Homes and businesses in high-risk flood areas with mortgages from government-backed lenders are required to have flood insurance.
To purchase flood insurance, call your insurance company or insurance agent, the same person who sells your home or auto insurance. If you need help finding a provider go to FloodSmart.gov/flood-insurance-provider or call the NFIP at 877-336-2627.
Plan ahead as there is typically a 30-day waiting period for an NFIP policy to go into effect, unless the coverage is mandated it is purchased as required by a federally backed lender or is related to a community flood map change.
NFIP offers a wide range of publications, videos, graphics and online tools that help policyholders, agents and other servicers navigate the flood insurance process before, during and after disaster. Digital resources can be downloaded, and certain print publications can be ordered for free.
We provide reports on the National Flood Insurance Program's (NFIP) financials and offer guidance on conducting daily operations for existing and new NFIP sellers and servicers. Find information on the Write-Your-Own program, reinsurance, Risk Rating 2.0, plus the Flood Insurance Manual and other tools.
Find resources members of the media can use ahead of flood events. Access the history of the NFIP, facts about the program, information on flooding and flood risk, guidelines for using the logo, and more.
Flood insurance goes beyond the coverage of a standard homeowners insurance policy and protects you from more severe types of water damage, like heavy rain, melting snow, and severe coastal storms. After all, water's great in pools and on water slides but not so much in places it doesn't belong in your home. So, whether you're required to buy flood insurance or just want additional protection for your property, GEICO can help insure your investment with a flood policy through the National Flood Insurance Program (NFIP).
Think because you don't live near the coast that your home is safe from flooding? The truth is, floods can occur anywhere. Floods can occur outside of high-risk flood zones. Something else to consider, most homeowners insurance policies don't cover flood damage.
Buy flood insurance before a flood risk is approaching. Most flood insurance policies require a 30-day waiting period before the coverage is effective. Exceptions include if you've purchased a new home and the closing is in less than 30 days.
Keep in mind that structure and personal property coverages usually have separate limits and deductibles so read the policy details carefully. Our flood insurance counselors are happy to help. Call us at (800) 841-2964.
If your home is in a community that participates in the NFIP you may be eligible for flood insurance at a modest cost through the Federal Government. This means insurance companies issue flood insurance that's administered by the Federal Government. By purchasing your flood insurance through the GEICO Insurance Agency, it will be part of your GEICO Portfolio. You will also get the same great service you expect.
Get a flood insurance quote with GEICO by talking to one of our qualified agents. Call (800) 841-2964 to get a free flood insurance quote. Flood polices must be paid in full. Typically, payment can be rolled into your mortgage or paid by credit card.
It's easy to manage your policy, report a claim, or just chat about your flood insurance policy. You can reach a helpful agent at (855) 716-2302 (Assurant customers can call (855) 395-9765). To report a claim, please refer to our list of partners.
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Just one inch of flood water can cause more than $25,000 in damage to your home. But most homeowners and renters insurance does not cover flooding. Only flood insurance helps you protect your home and savings.
Flood damage can happen to you, no matter where your home, apartment or business is located. You can buy flood insurance even if your property is not located in a flood plain. Mortgage lenders, pursuant to federal law, may require homeowners to purchase flood insurance.
Flood insurance can be purchased through licensed property and casualty insurance agents in Pennsylvania to cover almost any building and its contents, including rental property and condominiums. Tenants can buy protection for their belongings as well.
No. It is important to be aware that a standard homeowner's or renter's policy does not cover damages resulting from a flood. Remember there may be a waiting period for your flood policy to take effect. For example, there is a 30-day waiting period for National Flood Insurance Program (NFIP) flood insurance policies to become effective.
The Federal Emergency Management Agency (FEMA), which administers the NFIP, has many educational pieces to help consumers understand the basics of flood insurance, how to protect your home and what to do if, in fact, you are the victim of a flood. In most cases, the information on FEMA's Web site is available in English, Spanish and other languages.
Although flood insurance has traditionally only been available to homeowners or renters through the NFIP, today there are more options for consumers to consider. Flood insurance is now available through private insurers, including surplus lines insurers. Surplus lines coverage is insurance that is provided by an insurer that is not licensed in the insured's state.
When purchasing flood insurance, it is important for consumers to consider the kind of coverage that they need. Insurers write different types of flood insurance policies: dwelling - the structure of your home, and contents - your personal property within the dwelling.
Many consumers now have the option of purchasing flood insurance through private insurers. Consumers can purchase private flood insurance through providers licensed in Pennsylvania, or through surplus lines carriers. If you have NFIP coverage now and choose to pursue private coverage, your premium could increase significantly if you choose to return to the NFIP at a later date. Also, you may be precluded from certain hazard mitigation grant programs available through FEMA and the NFIP if you choose private flood insurance to insure property located in an area that is prone to flooding. For more information regarding hazard mitigation grant programs, please visit the PEMA and DCED websites.
A surplus lines insurer or company is an insurance provider not licensed in Pennsylvania. They are licensed in the state in which the insurer is based, and must be authorized to sell surplus lines policies in Pennsylvania. There are benefits and risks associated with getting surplus lines coverage. Some mortgage lenders may be less willing to accept a surplus lines issued flood insurance policy than a policy issued under the National Flood Insurance Program. There is no Guaranty Fund protection with surplus lines insurance. The Guaranty Fund is similar to FDIC insurance for bank accounts. If your insurer is unable to pay your claim, the Guaranty Fund will pay it. However, the department does monitor surplus lines companies to ensure their ability to pay claims.
For consumers who may have been redrawn into flood plains, or whose property is only partially in a flood plain, surplus lines policies may offer significant savings. For consumers whose properties fall well within flood plains or pose a high risk of flooding, the NFIP may be the only option. The Insurance Department advises consumers to speak with their lenders to ensure that they are willing to accept a surplus lines policy.
If your home has been drawn into a flood zone and you believe it to be in error, you can appeal the decision by calling 1-877-FEMA-MAP or visiting the FEMA website. In order to appeal your home's placement in a Special Flood Hazard Area (SFHA), you must show that the lowest adjacent grade, or the lowest ground touching the structure, is at or above the Base Flood Elevation, the level to which water is expected to rise in the 100-year flood projection FEMA uses to designate SFHAs. It is the homeowners' responsibility to provide this information to FEMA in written form, but there is no charge to the consumer for this Letter of Map Amendment. However, you will likely need to hire a professional to determine whether the Lowest Adjacent Grade is above the Base Flood Elevation.
Download the resources you need to get started. Here are key materials to help you learn more about the National Flood Insurance Program (NFIP) and the basics of flood insurance, as well as resources for your clients. Still have questions? Sign up for an agent webinar to become familiar with the flood risks in your area, as well as marketing strategies and valuable resources available for selling flood insurance. 041b061a72