![]() ![]() While furnaces, air conditioners, and appliances such as washing machines are covered, personal belongings such as electronics, clothing, toys, and furniture are not. ![]() Homeowners should also be aware that NFIP policies limit coverage for items stored in basements. The NFIP’s flood insurance covers up to $250,000 for the dwelling structure and $100,000 for personal belongings. Through NFIP, the federal government provides flood insurance through private insurance agents. Private Flood Insuranceįlood insurance is typically available from two sources: the National Flood Insurance Program (NFIP) and private-market flood insurance companies. Finding a company with a high AM Best rating also bodes well for having claims paid as agreed. When shopping for the best flood insurance, Florida residents will want to look for companies that offer sufficient coverage limits, affordable rates, and a seamless and timely claims process. Photo: What to Consider When Choosing One of the Best Flood Insurance Companies in Florida Working with the best homeowners insurance companies in Florida is a good way to find the best insurance for floods, though there are some companies that specialize in flood insurance coverage and don’t offer other types of coverage. This is not the same as water damage caused by a busted pipe or sewer backup, so homeowners will need to understand the difference in order to get the right coverage. Instead, homeowners will need to purchase separate flood insurance coverage to fully protect their homes due to flooding from hurricanes, high river or lake levels, and tropical storms. While homeowners are usually fully aware that they need homeowners insurance to protect their homes in the event they are damaged or destroyed, they may not know that traditional homeowners insurance alone does not cover damage caused by flooding. With the routine threat of hurricanes in Florida, many of the state’s homeowners may wonder if they need flood insurance. ![]()
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