Flood Insurance with Ocala Insurance
Floods are the leading natural cause of property damage. Four times more homes are destroyed by flood than by fire, causing over $2 billion in property damage every year.
After Katrina, many homeowners found out they were not insured since they lacked flood insurance. Insurance against flooding (rising water) is different from insurance against driven rain or leakage, which often are covered. Since that time, tens of thousands of Americans have purchased flood insurance for the first time.
You don't have to live by water to be at risk. Approximately 30% of all flood claims occur in low to moderate risk areas. Homeowner insurance does not cover flood damage, but Federal Flood Insurance does. Flood insurance also covers mudflow, dirt and debris resulting from moving water.
Fortunately, Flood Insurance is affordable, though, flood damage is not.
Homeowners with mortgaged property in a Special Flood Hazard Area (SFHA) are now required by federal law to obtain flood insurance. Lenders must comply by requiring flood insurance on the outstanding mortgage balance for the life of the loan.
Your coverage is based on your home's value, minus your land value. Flood Insurance up to $250,000 is available for residential buildings and also the option of up to $100,000 for contents. Since flood policies are backed by the US government, all valid claims are 100% guaranteed.
Act now, before the flood comes, there is a 30 day waiting period for flood insurance. Remember, just because you experience a flood disaster, that doesn't mean you have to experience financial ruin.
If you should have any questions regarding Flood Insurance, or if we can assist you with a quote, please feel free to contact our office.
Tower Hill Flood Program
- It is estimated that less than one-third of Floridians have flood insurance. Just a few inches of water in your home can cause tens of thousands of dollars in damage. Are you covered? Tower Hill Insurance now offers stand-alone flood policies with coverage up to $5 million.
The number one disaster in the U.S., floods can happen anywhere at any time. Everyone is at risk, no matter how near or far you live from the coast. Floods are caused by storms, hurricanes, water backup due to inadequate or overloaded drainage systems, as well as broken water mains.
- Most homeowners policies do NOT cover flood damage.
- Only one-third of Florida residents have flood insurance, leaving $55 billion of property uninsured and many at risk for losing their most valuable possession, their home.
- A few inches of water in your home can cause tens of thousands of dollars in damage.
A New Approach
A leading provider of residential property insurance in Florida, Tower Hill Insurance now offers stand-alone flood policies with coverage up to $5 million. Standard coverage through the National Flood Insurance Program (NFIP) is only available up to $250,000 for most homes.
Tower Hill provides Florida homeowners significant advantages over the standard NFIP policies, through our Flood Program.
- Building replacement cost up to $5 million, with contents up to $2.5 million
- Deductible options ranging from $1,000 to $50,000
- Option for replacement cost on contents
- Loss of Use $5,000
- One adjuster; streamlined claims process for wind and water damage
The Tower Hill Flood Program is available exclusively through Lloyd’s, an Excess & Surplus Lines carrier, which holds a Financial Strength Rating (FSR) of “A” by A.M. Best Company.
Flood Protection – Serving Marion, Levy, Citrus, Lake, Alachua, and Sumter Counties
The right coverage is unique to you in Marion, Levy, Citrus, Lake, Alachua, and Sumter Counties . To find out how to protect your family and your future call Ocala Insurance: 352-732-2233 with the right flood insurance provided for you.
All flood Insurance is offered through the National Flood Insurance Program: http://www.fema.gov/business/nfip/.
Though the government actually provides flood coverage, at Ocala Insurance, we issue this policy in the event of flood damage to your insured property, and Ocala Insurance can also service your claim.