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.

Do you always need flood insurance in Florida?

When you are a property owner in the Gainesville, FL area, you will benefit in various ways. While you will enjoy the long-term value appreciation that comes here and having a stable place to live, there are risks that should be mitigated with insurance. A type of coverage to consider getting here is flood insurance.

There are various reasons someone will need this coverage:

Protect Assets

An important reason that someone in this part of Florida will want to have flood coverage is so they can protect their assets. Those that would like to own property are going to make a major investment in their future. If you do not have proper insurance, you could lose your investment or be required to make major repairs to protect it. Flood insurance will directly help you protect yourself against the risks associated with flood damage. 

Meet Insurance Requirements

While you will want to have a flood insurance plan to protect your home, an added benefit of coverage is that it will help you meet any insurance requirements. Any mortgage lender will run searches on your home to see if it is in a flood zone. If your home is in a flood zone, they will require that you carry food insurance, and keeping the insurance will help keep you in good standing. 

Give Us A Call

If you are going to invest in a home in the Gainesville, FL area, having the right insurance is important. When determining if flood coverage is right for your situation, it would be helpful to call the Peninsula Underwriters Insurance Agency. There are many choices to make when looking for this insurance and Peninsula Underwriters Insurance Agency can help you evaluate your options and build a plan that gives proper support and keeps you in good standing.