How much flood insurance do I need?
If you have a mortgage, you’ll usually be required to have flood insurance equal to the cost of developing your property or up to the maximum coverage limit available – whichever is lower.
Another useful benchmark is to have coverage equal the value of your home, other structures, and belongings. Your insurance provider can help you determine what makes sense for your needs.
When should homeowners buy flood insurance?
Get flood insurance before you need it. No insurance policy will retroactively cover flood damage you already have, so it’s important to have flood coverage in place before a disaster strikes. Consider purchasing flood insurance well before flood and hurricane seasons begin.
If you’re looking at flood policies during hurricane season, be aware that a tropical storm warning may delay your ability to purchase coverage if there’s a moratorium.
Kin’s flood coverage is effective as soon as you buy it, but National Flood Insurance Program policies don’t take effect until 30 days after purchase. Keep those timetables in mind when shopping.
Cover your home from with flood insurance from Kin
Floods can happen to any home, at any time. Unfortunately, many homeowners aren’t aware of how serious their flood risk is until it’s too late. Remember, too, that a flood doesn’t have to be catastrophic to cause a lot of damage to your home. Even a small one can cause thousands of dollars in repair bills.
The good news is that you can take steps to protect your home before disasters hit. Key among these is adding flood insurance. Getting this coverage can help you rest easy knowing your home is protected.
It’s never too early to prepare for the worst. But you do want to find the right flood coverage insurance policy for your home.
We’re here to help. If you’re a homeowner who needs flood insurance in Florida or Louisiana, we have you covered. Our goal is to make accessing flood insurance coverage easier and more affordable by offering this protection as an endorsement. This allows you to get broader coverage more quickly than you would with a standalone policy. Plus, you get access to our top-notch technology and insurance experts who will work hard to make filing flood insurance claims easier.
We’re committed to keeping costs down, and we do that partly through our unique technology that evaluates your property’s risk and determines the right coverage for your home. Take the right actions by going with a flood insurance company that’s ready to protect your home!