Flood Insurance

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As an independent insurance agency, we are associated with over 50 top rated insurance companies that offer the products that most appropriately meet the needs of our clients. Contact us today for a FREE quote!

Independent Agency

Unlike a captive agency that only represents one company, we are an independent insurance agency allowing you the choice of company, policy, and pricing. Our team is staffed with proven professionals to help guide you through the quoting process. We find the coverages you need at the prices you want. Once you become a client we are committed to providing you with the quality service you expect.

Flood Insurance

Floods can wreak havoc on homes and businesses, causing extensive damage that is often not covered by standard insurance policies. To mitigate the financial burden that arises from such disasters, it is essential to have a clear understanding of flood insurance. Flood insurance is a specific type of insurance coverage designed to protect individuals, businesses, and homeowners from financial losses incurred due to flood damage. Unlike standard insurance policies, which typically exclude flooding, flood insurance provides coverage for damages directly caused by flooding events.

Floods can strike anywhere, regardless of whether you live in a high-risk flood zone or a moderate-risk area. It is a common misconception that homeowners’ insurance policies automatically include flood coverage, but this is rarely the case. Without flood insurance, you may be left with a substantial financial burden to bear, as flood-related repairs and replacements can be exorbitant.

Flood insurance operates under the National Flood Insurance Program (NFIP), which is overseen by the Federal Emergency Management Agency (FEMA). NFIP policies are sold and administered through insurance companies and agents, who work directly with FEMA to provide coverage. These policies have defined coverage limits and deductibles, with premiums based on factors such as the property’s location and elevation.

Flood insurance typically covers both structural and personal property damage caused by flooding. The structural coverage includes repairs to the foundation, electrical systems, HVAC units, water heaters, and damage to essential appliances. Personal property coverage protects items such as furniture, electronics, clothing, and other belongings affected by the flood. It is important to note that certain items, such as valuable artwork or antiques, may require additional coverage beyond the standard policy.

To obtain flood insurance, you can contact your insurance agent or company and inquire about NFIP policies. They will guide you through the necessary steps, including assessing the flood risk for your property, determining the appropriate coverage amount, and calculating the premiums. It is advisable to act proactively before flood events occur, as there may be a waiting period imposed before the coverage becomes effective.

With the increasing frequency of extreme weather events, including flooding, investing in flood insurance is a wise decision. By addressing the top questions people ask about flood insurance, this article aimed to provide you with a solid understanding of its importance and how it can protect your assets. Remember, being prepared and adequately insured can provide peace of mind during challenging times, ensuring that you can recover and rebuild without facing significant financial setbacks.

Insurance Services

At Insurance Group of Minnesota LLC, our policies are tailored to meet the unique needs of each customer. We offer flexible coverage options, competitive rates, and exceptional customer service to ensure that our clients have the peace of mind they need to enjoy their properties with confidence. Our flood insurance products can provide additional insurance coverages including: