Flood Insurance Very Important in South Florida

Flood Insurance Very Important in South Florida

Tropical Storm Isaac made land fall in Key West, yet Emergency Managers estimate Palm Beach County sustained $72 million dollars in damage from flooding.  Much of the flooding was in areas where homeowners are in "low risk" flood zones- often times flood insurance is not required by their mortgage company.  Most homeowners in the hardest hit areas did not have flood insurance and dodged a significant bullet if little to no damage occurred. 

FEMA says the average flood claim in the last five years was $34,000.  All homeowners in Florida should obtain flood insurance.  A policy that covers $250,000 for your dwelling costs only $365 annually in low risk flood zones. 

Many consumers do not know that flood insurance is not included as part of your homeowners insurance policy.  It is a separate policy that must be purchased.

Call Boca Insurance Group today to find out what flood zone you are in and see how much a policy will cost.  You may reach us at 954-596-0691 or e-mail us at Pat@bocainsgroup.com 

For more information on the flooding in Palm Beach County please click here for a link to the Palm Beach Post story.

www.bocainsgroup.com