Did you know if you live in or have a vacation home in Florida that this means you own a piece of property in a flood zone? That’s right! The entire state sits in a flood zone. This is why all Floridian residents should consider the advantages of purchasing flood insurance. Here’s a closer look brought to you by Dune Lakes Insurance, serving Inlet Beach, FL, regarding the many reasons you should purchase flood insurance in Florida. 

You Need Flood Insurance

First and foremost, the top reason to buy flood insurance in Florida is that there’s a good chance your home might be flooded. And since flooding cannot be predicted, you never know when it can happen. But being that you live in a flood zone, this increases the chances of your home flooding at any given time. With storms and hurricanes being common in the state, this is also something to consider when choosing a flood insurance policy.

Your Mortgage Lender Might Require It

When you take out a mortgage loan from a lender for a home in Florida, you need to check if you live in a high-risk flood zone. If you do, there is a good chance that your mortgage lender is going to mandate you purchase a flood insurance policy. If you don’t purchase it, you may not be able to secure a mortgage loan.

Enjoy Good Coverage

With flood insurance coverage, you can rest assured monies will be provided to you if your home was to become flooded. You will need this money to repair damages caused by the flood as well as to replace any belongings you may have lost. Even a small flood can lead to thousands of dollars worth of damage, including things like HVAC damage, electrical system damage, and more. 

If you would like more information on the many reasons to purchase a flood insurance policy, contact Dune Lakes Insurance serving Inlet Beach, FL. We can help you get started with a policy.