Louisiana Flood Insurance Quotes and Coverage

How do you know if you need flood insurance? Unfortunately, most people don’t realize they need it until they experience flooding and extensive water damage. And many choose to wait until a flood is imminent to try to obtain flood insurance, which is unfortunately too late due to a 30-day waiting period.

Flood insurance is an optional coverage that can help homeowners, renters and businesses prepare for a potential loss from flooding or water damage. Flooding can occur as a result of a major rainstorm, a hurricane, a washout in a waterway, or a burst water main.

Did you know that flooding is our number one most common natural disaster? Here are some quick facts to help you learn more.

Fact #1: Flooding Is Not Covered Under Your Homeowners or Business Insurance Policy

Flood insurance is a separate policy, offered through the National Flood Insurance Program (NFIP) to communities that participate in prescribed flood plain management. One of our dedicated agents can help you to determine if you live in a flood zone, if your home or business is at risk, and if flood insurance makes sense for you.

Fact #2: You Cannot Get Flood Insurance Immediately

A key fact about flood insurance is that there is a 30-day waiting period to obtain it. Do not wait until threat of a flood to decide you need this important coverage. In Louisiana, tropical storms and floods are a continual threat, which means it is important to be prepared.

Fact #3: Flooding Is a Potential Problem, Whether or Not You Live in a Flood Zone

Every home has flooding potential, according to FEMA. And the NFIP says that 25 percent of all claims they pay come from moderate to low risk areas. Without flood coverage, an entire home and its contents can be lost or severely damaged at the cost of tens of thousands of dollars.

Fact #4: Flood Insurance Is Affordable

One of the key reasons people ignore flood insurance or put off getting it is because they fear the extra cost. But flood insurance is far more affordable than most people realize. The cost of repairing or replacing a home and its contents after an actual flood, however, can be astronomical. And if the flood is not caused by a named storm, federal disaster recovery funds may or may not be available.

Fact #5: You Should Report a Flood Even If You Do Not Have Flood Insurance

If you are one of our clients, please contact us in the event that you experience flooding in your home or business, even if you have not purchased flood insurance. If your roof or siding experiences hail or wind damage in the same storm, you may have the basis for a claim on your homeowners policy anyway.

We look forward to helping you with flood insurance and your other personal and business coverage needs. Contact us anytime for free quotes and personal assistance.