How much flood insurance do I need?

Floods are one of the leading causes of property damage here in the Gainesville, FL area and around the United States, and many homeowners don’t realize the importance of having adequate flood insurance coverage from Peninsula Underwriters Insurance Agency.

How much flood insurance do you need? 

There is no one-size-fits-all answer when it comes to getting the right amount of flood insurance. Generally speaking, most insurers recommend that a homeowner have at least $250,000 in coverage for their dwelling and an additional $100,000 for personal property. Additionally, if you live in a high-risk area or own a home with expensive furnishings or valuable possessions inside, you may want to consider purchasing more than the minimum recommended amount. 

When considering how much flood insurance you need, take into account the potential costs associated with rebuilding your home and replacing your belongings if they were destroyed by a flood. You should also check with your state’s department of insurance to see what kind of additional coverage might be available to you depending on where you live. 

No one likes to think about floods occurring in their home – but being prepared is critical. Having adequate coverage through a sound flood insurance policy can help ensure that you and your family are able to repair and replace belongings if disaster strikes.

Want To Learn More?

If you have any additional questions about your insurance policy or want a review to make sure you are adequately covered, give us at Peninsula Underwriters Insurance Agency a call today. We are proud to serve the Gainesville, FL area and would be happy to help you find a policy that suits your needs and your budget.