Occasionally, people will confuse water damage with flood damage. A flood is defined as a rising and overflowing of a body of water onto normally dry land. For purposes of insurance, the word "rising" in this definition is the key to distinguishing flood damage from water damage.

Flood insurance is available to homeowners and renters, for both personal and commercial properties.

Up until recently, the only place where people could purchase flood insurance was through FEMA’s NFIP (National Flood Insurance Program). Coverage in this program is available to everyone and generally speaking is not underwritten. Rating is based on flood “zones”. Within the last few years, private insurance companies have begun writing non-FEMA flood insurance policies.

Unlike FEMA’s policies, private flood insurance is underwritten and is not available to everyone. Because the insurance companies offering this product can be more selective with who they insure, rates are typically much more competitive than through FEMA. If you would like to discuss getting a quote for flood insurance please contact us today. Typically, a residential policy will provide up to $250,000 worth of coverage on the building and a commercial policy will provide up to $500,000 worth of coverage on the building.