What every Inlet Beach, FL resident should know about flood insurance

If it’s your dream to own a beach home in Inlet Beach, FL, you’re not alone. Many people who dream of living in Florida prefer their homes to be along the coastal regions. While the coast provides a beautiful sunset view and great beach life, living around such areas exposes you to unpredictable storms and possible flooding events. Remember, home insurance does not cover floods. That’s why Dune Lakes Insurance recommends educating yourself about flood insurance to be adequately prepared. Here is what you need to know about floods in Florida.

No one is really safe from floods

About 20% of flood insurance claims from most insurance companies in Inlet Beach, FL come from people living in low or moderate-risk flood areas. Floods can hit anytime. Sometimes you don’t have time to evacuate or take any precautions. If you don’t buy the policy on time, you may be forced to pay out of pocket for a vast portion of the damage. Remember, flood insurance comes with a 30-day waiting period.

You don’t need to be in a high-risk area to get the policy

If you live in Florida, you should buy flood insurance. Floods can be devastating as they end up causing massive destruction of properties worth millions along the way. If you are not adequately covered, you may end up losing your home and valuables, and you just never know when they hit. 

Flood insurance prices vary

Every policyholder’s insurance needs are different. Your insurance provider will need to check a few things, such as your risk level, the size of the home, and the type of construction, to determine your insurance premiums. To ensure you’re adequately covered, make sure your policy covers the value of your home and its contents.

Don’t wait for floods to hit your property to buy flood insurance. Get your customized flood insurance policy from Dune Lakes Insurance today!