Call/Text (631) 473-7059 ☰ ˟
Logo
Call/Text (631) 473-7059
  • Home
  • Get A Quote
    • Automobile
    • Business & Commercial
    • Commercial Auto Insurance
    • Disability Insurance
    • Flood
    • General Liability Insurance
    • HealthImage of right arrow
      • Long Term Care Insurance Quote
      • Health Insurance Quote
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Homeowner Flood Quote Form
    • Life
    • Long-Term Care Insurance
    • RentersImage of right arrow
      • Renters Insurance Quote
      • Renters Insurance Quote
    • Term Life Insurance
    • Watercraft & Boat
    • Workers Compensation
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Homeowners
    • Other
  • Claims
    • Automobile
    • Homeowners
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Important Files
    • Free Reports
    • Insurance Glossary
  • About Us
    • About Newbrook Insurance
    • Location Map
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Life & Health

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Home > Blog > This Is Why Flood Insurance Is Not Just For Waterfront Properties Anymore
MONDAY, DECEMBER 5, 2022

This Is Why Flood Insurance Is Not Just For Waterfront Properties Anymore

A flood affects more than waterfront homeowners. It can affect homeowners even hundreds of miles inland. Flood insurance is essential for almost all Newbrook residents, particularly those living near rivers prone to flooding and near coastal areas. Most homeowners should therefore consider flood insurance.

You can invest in waterfront property for a very lucrative return, but you must make sure your property is safe from the threat of floods. It will allow you to avoid unexpected expenses that may occur after a natural disaster.

Home Insurance Vs. Flood Insurance

The two different types of home insurance include:

1.    A homeowner's policy protects against damage from water that doesn't result from negligence inside the house. For example, when your toilet overflows or has a broken pipe, your insurance will cover it.

2.    A flood insurance policy covers damage to your home from flooding, except for money and essential financial records. It works like traditional insurance, protecting the structure of your home and personal belongings, not valuable documents and money.

Flood Insurance Offers The Following Benefits:

•Save money and time: Homeowners insurance policies exclude flood damage as a peril. Simply put, you cannot claim a flood loss for any flood-related damage. It's important to remember that even the smallest amount of water can be expensive in the long run, causing you thousands of dollars in damage repairs.

•Insure Your Valuables: When you purchase a flood insurance policy, you'll get more protection than just your property, with coverage that can reach $100,000 or higher.

What It Costs

Homeowner's insurance rates are not solely determined by the property's monetary value but by how well you maintain it. Older houses generally have more expensive insurance rates. Taking preventative measures, for instance, may help you save on insurance rates in buildings with a long claim history.

In comparison to homeowners insurance, flood insurance has a fixed premium. The premiums for homeowners insurance are variable. Flood zones and elevation certificates determine coverage rates, as outlined in the following:

Areas Prone to Flooding

Areas with low flood risk don't require flood insurance; coverage can be cheaper in these areas. Mortgage lenders typically require flood insurance for property in flood-prone areas. In these zones, waterfront properties can be twice as expensive as those in lower-risk zones.

Elevation Certificate and Flood Base Elevation

A flood base elevation certificate must exist for all buildings in flood-prone zones, according to which the building's flood level gets calculated. When an EC applies, the insurance company can determine your premium based on the severity of the risk associated with the location. It may cost you more if your agent does not have this certificate to assess the risks associated with your property.

Take Away

Whether or not flood insurance is a good idea will depend on several factors, primarily the likelihood of floods in your area. However, floods can occur anywhere. Flooding does not mean you don't have to live near water. A clogged drainage system, melting snow, or storms can cause flooding instead. When it comes to flood damage, your homeowners' insurance will not cover it because you'll need to purchase a separate flood policy.

Posted 3:14 PM

Share |


NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011

  • long island homeowners insurance(21)
  • long island flood insurance(8)
  • homeowners insurance(6)
  • homeowner tips(5)
  • ice dam(5)
  • long island auto insurance(4)
  • new york auto insurance(2)
  • new york life insurance(2)
  • long island(2)
  • mount sinai(1)
  • long island insurance impacted by corona virus(1)
  • nys paid family leave(1)
  • auto insurance(1)
  • dogs and homeowners insurance(1)
  • water shutoff(1)
  • protecting your home(1)
  • buildings(1)
  • national flood insurance program(1)
  • dwelling fire(1)
  • property insurance on homeowners insurance policy(1)
  • frequently asked questions about long island homeowners insurance(1)
  • safety(1)
  • homeowner insurance(1)
  • aarp(1)
  • stolen car insurance(1)
  • new york small business insurance(1)
  • dog bites(1)
  • working from home(1)
  • hurricane season(1)
  • contractors insurance(1)
  • vacant dwellings(1)
  • long island homeowner hurricane preparation(1)
  • hurricane sandy(1)
  • security devices(1)
  • frozen pipes(1)
  • stony brook(1)
  • new york city(1)
  • new york general liabilty(1)
  • hurricane irene(1)
  • fire damage(1)
  • safe driving tips(1)
  • long island homeowneowners(1)
  • new york workers comp insurance(1)
  • older homes insurance(1)
  • new york(1)
  • covid 19 relief(1)
  • port jefferson(1)
  • commercial insurance(1)
  • hurrican irene(1)
  • long island home jewelry(1)

View Mobile Version

Contact Us Today!
(631) 473-7059


By submitting this form and signing up for texts, you consent to receive marketing or service text messages from Newbrook Insurance Agency at the number provided. Consent is not a condition of purchase. Msg & data rates may apply. Msg frequency varies. Unsubscribe at any time by replying STOP or reply HELP for assistance. Privacy Policy & Terms
Social Social Social

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • News
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us
  • Privacy Policy
  •  

Contact Us

14 Roosevelt Avenue
Port Jefferson Station, NY 11776

Call/Text: (631) 473-7059 | F: (631) 473-7592 | E:info@newbrookins.com
© Copyright. All rights reserved. | Powered by Insurance Website Builder