Damage from flood is not covered under your standard home insurance policy.
That’s why it’s important to talk to your Gulfstream agent about purchasing a separate flood insurance policy. Your agent can provide you with a flood insurance quote and answer any questions you may have about how coverage works and when it applies.
So, how much is flood insurance?
The average flood insurance policy is $700 per year, but if you’re located in a low risk area you may qualify for a Preferred Risk Policy, with premiums starting at only $170.
There is a 30-day waiting period for flood insurance coverage to take effect after purchasing the policy. Keep this in mind when planning for summer storm months, which is peak season for heavy rains and flooding. Don’t wait until you need flood insurance to start researching. Contact Gulfstream Insurance to get a flood insurance quote today.