Flood Insurance

Flood Insurance For Your Home

Whether you live on the coast, near a river or even in a land-locked town with no body of water nearby, floods can happen just about anywhere it rains. A deluge can turn a stream, pond or city street into a flood risk.

*A homeowners policy does not protect against loss or damage from a flood.

Do I need flood insurance?

• Just one inch of water in an average home can cause more than $25,000 in damage.
• Flooding can happen anywhere. More than 25% of flood insurance claims come from outside a high-risk flood area.
• Flooding is the most common and costly natural disaster in the United States.
• If you suffer a flood, you can seek federal disaster assistance, but it may not be enough to make a full recovery. Most homeowners policies don't cover flood losses, only flood insurance covers the cost of flood damage.

Flood insurance coverage comes in two categories:

• Building coverage helps pay for damage to the physical structure of your home — the building, the plumbing, the electrical system, heating and cooling, appliances and things that are permanently installed, such as carpeting, bookshelves and kitchen cabinets. Services like debris removal may also be included.

• Contents coverage can help you replace your belongings — your furniture, smaller appliances, computers, clothing — and provide limited coverage for items such as antiques and artwork. Unless you have contents coverage, your flood-damaged belongings are not covered.   

These two types of flood insurance coverage are purchased separately within your policy and will have separate deductibles.

Other details specific to your home are also factored into the cost of flood insurance, such as your home’s:

• Replacement cost
• First floor height
• Number of floors
• Construction type
• The deductible and amount of coverage you choose

Learn more by visiting: www.fema.gov/flood-insurance

Contact MVR (914) 693-3500 today, for an NFIP quote, and start protecting your home from flood damage costs.

Get Business Flood Insurance Quote Today!