What is the Difference between Flood Insurance and Hurricane Insurance?

What is the Difference between Flood Insurance and Hurricane Insurance?

You’ve made a home in Southwest Florida, settled happily in paradise, but is your investment protected? Southwest Florida, in all its splendor, is not exempted from natural storms. We are prone to hurricanes, floods, heavy thunderstorms, and lightning. Consider your policy, are you covered. East & Greenwell helps to keep your investment is protected from natural disasters and accidents.

Some homeowners may have Homeowners Insurance (inclusive of wind coverage), while others may have separate Hazard & Wind policies.  Flood Insurance is an entirely separate policy that many clients opt for or are required to carry, but what is really covered under each?

Flood Insurance

Flood insurance provides protection for destruction and financial devastation caused by rising water, resulting in thousands of dollars in repair and restoration costs. It’s important to realize that your Homeowners policy does not cover rising water.

Did you know that you have a 26% chance of flood during a 30 year mortgage and that over 25% of all flood claims happen in areas that are not considered high-risk? Is your investment protected? Flood insurance can cover the cost of damaged and/or lost property. However there are a few areas you may not be covered including:

  • Water from inside the home, i.e. broken pipes, etc.
  • Swimming Pool Damage
  • Landscaping Damage
  • Small Floods
  • Temporary Living Expenses

Hurricane Insurance 

Florida is known for its natural beauty, its temperatures, and its hurricanes. Hurricane season begins June 1st and will last until November 30th this year. Homeowners insurance as well as Hurricane/Wind insurance policies are an extremely important during hurricane disasters. These policies can help you rebound from an otherwise catastrophic event. Your home is one of your most prized and significant investments, protect it from harm and have the security a good policy allows you.

At East & Greenwell Insurance, our clients and their assets are our number one concern. Contact us to schedule an appointment; let us review your flood risk as you can get Flood Insurance for as low as $129 a year depending on your National Flood Zone. Be prepared for the coming hurricane season with a compehensive policy. Protecting yourself, your family, and your investment makes all the difference when it comes to a natural disaster. Are you ready?