Flood Insurance in Miami, FL
Heavy rain, overflowing rivers or lakes and broken drainage systems are just a few ways flooding can start. Flood insurance may help cover the costs that standard homeowners policies leave out.
Do I Need Flood Insurance? 
Flood insurance is critical if you live in an area prone to heavy rain or near bodies of water. Still, any homeowner can experience flooding from severe weather or drainage issues. Before buying a policy, consider your surroundings, local flood history and property features. A quick check with local flood maps or your city’s planning office can help you understand your level of risk.
What Does Flood Insurance Cover?
Standard flood insurance usually includes two types of coverage:
- Building coverage may help pay for repairs to your home’s structure, including the foundation, plumbing, electrical systems, walls and built-in features like cabinets and bookcases.
- Contents coverage may help with the cost of replacing personal items damaged by floodwater. That could include furniture, clothing, electronics, curtains and small appliances.
Most flood insurance policies have a 30-day waiting period before coverage kicks in, so it’s better to secure a policy today than wait until a storm is on the horizon.
How Much Does a Policy Cost?
Insurers consider many factors when calculating flood insurance rates. This includes:
- The age and construction of your home
- Your location
- The elevation and slope of your property
- Past flooding in your area
- Coverage limits
- Your deductible
Secure a Policy Today
The team at Las Margaritas Insurance Corp can discuss your coverage options and help you select a suitable flood insurance policy. Contact us today to get started.