Flood Insurance

Stay afloat and make sure you have Flood Insurance with TROXELL.

Flood insurance is a type of insurance coverage that specifically protects against financial losses related to flooding. Floods can result from heavy rainfall, melting snow, hurricanes, or other types of weather events, and can cause significant damage to homes, businesses, and personal property.

Many standard property insurance policies, including homeowners insurance and commercial property insurance, do not cover flood damage. This is because floods are considered to be a common and widespread type of loss, and insurance companies typically exclude this type of coverage from standard policies to keep the cost of coverage affordable.

If you live in an area that is at high risk of flooding, or if your mortgage lender requires it, you may need to purchase separate flood insurance coverage. Flood insurance can be purchased through the National Flood Insurance Program (NFIP), which is a federal program that provides insurance coverage to property owners in participating communities.

It's important to understand that flood insurance typically has a waiting period before it takes effect, so it's important to purchase flood insurance well in advance of a potential flood event. Additionally, if you're concerned about the cost of flood insurance, there are several options available, including policies with lower coverage limits and lower premiums.

Because of regulations, conditions, and qualifications dictated by the National Flood Insurance Program, your best resource is to call an insurance expert at TROXELL to discuss purchasing a Flood Insurance Policy to protect you in the future.