Flood Insurance Quote Forms
Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.
Flood Insurance Customer Service Options
Self policy service any time of the day, directly from our website. To request a policy change on your account, click any of the following policy service options below.
Flood Insurance Information
If you live in an area that is prone to floods, then your home will face significant property damage risks. However, your homeowners insurance will not provide coverage for this damage. To get coverage against floods, you will need to buy separate flood insurance.
Flood insurance is a tightly regulated marketplace, and flood insurance laws influence both who must buy coverage, and what coverage they can receive. With the help of Esplanade Insurance Agency, you will be able to receive benefits that are customized to fit the risks present on your property.
To get covered today, just call us at 504-273-1500
or request your free quote online.
Common Flood Insurance Questions:
Why is Flood Insurance Important?
All homes are at risk of floods, even those that have never flooded before. Of course, some properties face higher flood risks than others. Depending on how your home stacks up, your need for flood insurance might be significant.
Standard home insurance might cover you for household water damage that results from a burst pipe or similar incident. However, the unpredictability and astronomical costs of flooding related to river swells, storm surge, heavy rain or similar occurrences make it hard for home insurance to cover the risk. At this time, a separate flood insurance policy becomes necessary.
How Does Flood Insurance Work?
Even an inch of water in your home can cause thousands of dollars in damage to both your dwelling and possessions. By filing a claim on your flood insurance plan, you will be able to receive compensation for these losses, and you won’t spend precious personal money trying to fix the damage.
Most flood insurance plans are underwritten by the National Flood Insurance Program (NFIP)
. If you live in a community that participates in the NFIP, then you can buy an NFIP plan. You can buy NFIP plans both through major insurers and the NFIP Direct system
. Non-NFIP plans are also available, though they are less common.
What Does Flood Insurance Cover?
NFIP plans must comply with standards set by federal law. They offer two types of coverage:
NFIP plans will offer coverage up to the following limits:
One- To Four-family Residential Addresses: $250,000 Structure/$100,000 Contents
Other Residential Buildings: $500,000 Structure/$100,000 Contents
Non-Residential Businesses and Buildings: $500,000 Structure/$500,000 Contents
There is also coverage for debris removal costs, loss avoidance and cost of compliance.
What Are My Flood Insurance Options?
The National Flood Insurance Program (NFIP) underwrites most flood insurance. If your community participates in the NFIP, you may be able to purchase an NFIP plan. Usually, you can buy NFIP plans through a major insurer or the NFIP Direct system.
NFIP plans must comply with federally established standards. There are two types of coverage: structure insurance, which protects your house, and contents coverage, which insures your possessions. There may also be coverage for debris removal costs, loss avoidance and cost of compliance.
You may be able to receive compensation for your losses and reduce your flood recovery costs by filing a claim on your flood insurance plan.
Do You Need Flood Insurance?
Many homeowners must buy flood insurance if they live in a designated high-risk flood zone or have a mortgage backed by a federally-insured lender.
Some lenders may require their mortgage holders to purchase flood insurance regardless of living in a high-risk zone. In addition, coverage is necessary if you live in a high-risk flood zone and have ever received disaster assistance through FEMA or the U.S. Small Business Administration.
Flood insurance is affordable and can help financially protect you against the many damages and dangers of having your house flooded. Without it, you need to pay damages out-of-pocket, and the costs can be expensive. It’s a worthwhile investment in your future and your home.
Flood insurance doesn’t usually take effect until 30 days after purchase. However, if your lender requires that you have flood insurance to make, increase, extend or renew your loan, then there’s no waiting period.
Who Needs Flood Insurance?
Many homeowners are required to buy flood insurance:
If you live in a designated high-risk flood zone, and you have a mortgage backed by a federally-insured lender, then you will have a coverage requirement.
Some lenders require mortgage holders to buy flood insurance regardless of whether they live in a high-risk zone.
Coverage is required if you live in a high-risk flood zone and have ever received disaster assistance through FEMA or through the U.S. Small Business Administration (SBA). If you do not buy a policy, then you will not qualify for such assistance in the future.
Talk to one of our agents to determine which flood insurance options are best for you. We recommend that you have your plan in place from the moment you close on a home purchase. We’re committed to working with you to ensure you receive the right benefits at the right time.
We Can Help
The Esplanade Insurance Agency can help you with a flood insurance policy that gives you the protection you need for your home. Call us today at 504-273-1500
to get started.