Flood Insurance

Buying Flood Insurance

Whether you own or rent property, live in a high-risk flooding area, or low-risk flooding area, you should purchase a flood insurance policy. We carry flood insurance policies here at OakPoint Insurance. It is important to note that many homeowners face a higher risk of their home being flooded than any other dangers that they face daily. You are also way likelier to experience a flood than fire if you are in a mortgage that is at least 30 years in duration. Also, be aware that most homeowner’s policies do not cover damages related to floods.

Flood Insurance Laws

Even if you do not live in an area that is considered “high-risk,” you should still consider purchasing flood insurance. Renters or owners don’t need to buy flood insurance, but it is recommended. Just because you do not live in a high-risk flood area doesn’t mean you do not have a chance to experience any flooding. Moderate to low-risk flood areas can still experience flooding making flood insurance adequate.

Flood Insurance Coverage

Renters, homeowners, and business owners can take advantage of homeowners and commercial insurance. Everyone is encouraged to purchase it. Every flood insurance policy is different. Typically, standard insurance policies will cover any physical damages to your property. This will depend on your policy limits, the actual cash value or replacement cost of the damages reported. Flood insurance policies typically cover flood damage to the structure of a home up to at least $250,000. This will usually include debris removal, damages to furnaces, air conditioner, and water heater, and basements coverage. You may also want to consider additional insurance if you’re going to cover personal belongings, furniture, etc. These things typically require a separate premium.

Contact Our Office

Contact our OakPoint Insurance office for a quote today. Our goal is to make sure you get the maximum protection needed to protect your home against flood damage. Our agents are ready to help answer your questions and find you a quote.

While we have a physical presence in Maryland and North Carolina, we serve all across the following states: Maryland, Texas, Virginia, Delaware, District of Columbia, Pennsylvania, North Carolina, South Carolina, West Virginia and Ohio.