So you’re aware you need flood insurance but aren’t sure how to maximize the benefits? To get the most out of flood insurance, you’ll need to know what your needs are, what the benefits of your policy are, and be prepared before you have to file a claim. You’ll also need a reliable insurance company with great customer service. If you are in Inlet Beach, FL, Dune Lake Insurance is a great option.
How Much Flood Insurance Do You Need?
Standard policies are underwritten by FEMA through the NFIP. They have limits of $250,000 for your home and $100,000 for contents. If your home and valuables cost more than this to replace, you will be better served purchasing a private policy. If you are renting, you are still eligible for flood insurance. It will cover the cost of replacing your valuables if they are damaged in a flood.
Private Coverage
You may also consider emergency shelter expenses. Your homeowner’s policy likely covers things like a hotel if you are displaced from your home due to damage. Standard flood insurance does not. However, private policies usually have this benefit. You can also choose higher limits with private flood insurance. Some companies offer up to $5 million in property coverage and $2 million in personal belonging’s coverage. You’ll want to choose the amount that actually covers what you would need to replace your home and valuables without going over to get the best benefit.
Prepare Ahead of Time
It’s important to have anything that is particularly valuable documented with your insurance company. This includes jewelry, antiques, and anything else of great value. If your home is remodeled or you’ve added on, get it reappraised. Getting the most out of flood insurance means documenting the value of your home and its contents before you need to file a claim.
The Right Company Makes the Difference
One way to make sure you get the most out of flood insurance is to work with a reputable company that takes customer service seriously, whether you are buying a policy or making a claim. At Dune Lakes Insurance in Inlet Beach, FL we value our relationships with our customers.
