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This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

Flood Insurance

Home/Flood Insurance
Flood Insurance 2017-06-29T16:07:51+00:00

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877-408-0711

Flood Insurance Made Easy!

It’s easier than ever to get an affordable Flood Insurance policy for your home. Get a quote and start saving today! Our licensed insurance agents know the importance of price but understand that coverage is of the upmost importance when it comes to protecting your home. Having the wrong coverages can cost you a significant amount of money if a loss occurs.

Prefer to speak with a live insurance agent? Give us a call at 877-408-0711

 

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Flood Insurance

There is always a need for flood insurance in Miami, Florida. Flood insurance isn’t just for Florida residents who live in a designated flood zone. Flood insurance provides coverage for your property damaged by rising water typically excluded from your homeowners insurance policy. Most mortgage companies require flood insurance for property located in a designated flood zone. It can also be purchased by homeowners who do not live in a flood zone. Call or contact one of our knowledgeable agents at our office to find out if a Miami flood insurance policy is a good idea for you.

Flood Insurance FAQ’s:

Doesn’t my homeowners insurance policy cover flooding?

No. Flood damage is not typically covered by a homeowners’ insurance policy.

If my home is flooded, won’t federal disaster assistance pay for my damages?

Not necessarily. Federal disaster assistance typically comes in the form of a low interest loan to help cover flood damage, not compensation for your losses. Even then, those loans are only available if the president formally declares a disaster and must be repaid along with any existing mortgage.

Am I eligible for flood insurance?

You must live in a community that participates in the National Flood Insurance Program (NFIP) to qualify for National Flood Insurance. Find out if your community participates in the NFIP and the kinds of NFIP resources available in your community.

Can I get flood insurance if I’m renting a property?

If you live in a community that participates in the NFIP, you can get flood insurance to cover the contents of your home or business.

Can I get flood insurance if I’m renting a property?

If you live in a community that participates in the NFIP, you can get flood insurance to cover the contents of your home or business.

Can I get flood insurance if I’m renting a property?

If you live in a community that participates in the NFIP, you can get flood insurance to cover the contents of your home or business.

I live in a low-risk flood zone. Do I really need flood insurance?

Even though flood insurance isn’t federally required, anyone can be financially vulnerable to floods. In fact, people outside of mapped high-risk flood areas file nearly 25% of all National Flood Insurance Program flood insurance claims and receive one-third of Federal Disaster Assistance for flooding. When it’s available, disaster assistance is typically a loan you must repay with interest. Preferred Risk Policy premiums are the lowest premiums available through the NFIP, offering building and contents coverage for one low price.

Why do I need flood insurance, even though my community has never been flooded?

Flooding occurs in moderate-to-low risk areas as well as in high-risk areas. Poor drainage systems, rapid accumulation of rainfall, snowmelt, and broken water mains can all result in flood. Properties on a hillside can be damaged by mudflow, a covered peril under the Standard Flood Insurance Policy. In high-risk areas, there is at least a 1 in 4 chance of flooding during a 30-year mortgage. For these reasons, flood insurance is required by law for buildings in high-risk flood areas as a condition of receiving a mortgage from a federally regulated or insured lender.

Why does my mortgage lender require me to buy flood insurance?

Under federal law, the purchase of flood insurance is mandatory for all federal or federally related financial assistance for the acquisition and/or construction of buildings in high-risk flood areas (Special Flood Hazard Areas or SFHAs).

The amount of flood insurance coverage required by the Flood Disaster Protection Act of 1973, as amended by the National Flood Insurance Reform Act of 1994, is the lesser of the following:
1.The maximum amount of NFIP coverage available for the particular property type,
2.The outstanding principal balance of the loan, or
3.The insurable value of the structure.

If the property is not in a high-risk area, but instead in a moderate-to-low risk area, federal law does not require flood insurance; however, a lender can still require it. In fact, nearly 1 in 4 NFIP flood claims occur in these moderate- to low-risk areas! Note that if during the life of the loan the maps are revised and the property is now in the high-risk area, your lender will notify you that you must purchase flood insurance.

Is there a low-cost policy for homes in moderate-to-low risk areas?

Yes. Homes and businesses may qualify for the low-cost Preferred Risk Policy.

I’m not in a high-risk area, but I’d like flood coverage. Is this possible?

Yes! You are eligible to purchase a flood policy with the same coverage you would receive if you lived in a high-risk area. That is, of course, as long as your community participates in the NFIP. Preferred Risk Policy premiums are the lowest premiums available through the NFIP, offering building and contents coverage for one low price.

I live in a high-risk risk area. After my home was damaged in a flood, I received federal disaster assistance. Do I need to purchase flood insurance now?

Yes. If you live in an SFHA and have received disaster assistance in the form of a federal grant or loan, you must cover the building for flood insurance for as long as you own it. Should you sell the building, you are required to inform the new owner of the necessity to purchase and maintain flood insurance. Failure to carry flood insurance could result in the denial of future federal disaster assistance.

Who do I contact if I want to purchase a flood insurance policy?

Emperor Insurance Phone # 305-253-5343 or you can fill out a quote request form.