Hurricanes, flood coverage & your homeowners policy: are you covered?

Whenever it rains, it can flood, regardless of your proximity to a body of water.

You don’t need to live on the coast to be at risk, which is why it’s essential to understand what types of hurricane damage are covered by your homeowners policy.

Typically, most homeowners insurance policies provide some financial protection against damage caused by hurricanes, including wind damage, falling trees or debris, and damage caused by heavy rain or flooding.

It’s important to note that homeowners insurance policies do not usually cover damage caused by flooding—a common occurrence during hurricanes.

A standard flood insurance policy covers your home and contents when damage is caused by rising water. We work closely with Neptune Flood, who will help waterproof your assets by offering expanded, optional coverage that gives your family protection.

Getting a quote is easy, just enter the property address & answer 7 key questions. Click here!

What’s covered?

Dwelling/Building, which is the insurance on the primary home/building on the insured property.
Personal Contents, which is the insurance that protects the possessions inside of your home.

Neptune Residential Flood offers coverage to protect you for items not covered in the NFIP (National Flood Insurance Program), such as:

The contents of your basement
Structures not attached to your home
- Garage
- Pool House
- Shed
Grills & Pools

The coverage offered in a flood insurance policy may sound like the coverage you already have in your homeowners policy, but that’s not the case. It’s different than your homeowners insurance because a typical homeowners policy specifically excludes water damage that results from rising water. For the purpose of insurance, “rising” is the key word to distinguish flood damage from water damage.

Neptune offers coverage for commercial buildings, too!

No Elevation Certificate, photos, or replacement cost documents needed.
Building coverage up to $4,000,000
Contents coverage up to $500,000
Option to add $25,000 in Business Interruption insurance

Have 2 minutes? Click here to get a quote!

Additional Endorsements and Policies to Consider

If you live in an area prone to hurricanes, you may want to consider additional endorsements or policies to ensure you’re adequately protected. Your agent may recommend that you consider the following:

Windstorm coverage—This endorsement helps provide additional coverage for damage caused by high winds and hurricanes.
Sewer and drain backup coverage—Heavy rains and flooding during hurricanes can cause sewer and drain backups, resulting in extensive damage and costly repairs. Adding this coverage to your homeowners insurance policy can help provide financial protection against this type of damage.
Extended replacement cost coverage—In a catastrophic hurricane, the cost of rebuilding your home may exceed your homeowners insurance policy limits. Adding extended replacement cost coverage to your policy can provide additional coverage to help cover these costs.

We want to ensure you’re covered. Reach out to Eric with any questions on hurricane preparedness & flood coverage!

203.834.5900 eferraris@toofer.com