Your homeowners policy does NOT cover damage induced by flooding. Therefore, in order to safeguard yourself, your family, and your property against this peril, it is wise to purchase a separate flood insurance policy that will work alongside your homeowners policy to protect your assets.

To realize the importance of this coverage, we need only look to the recent rainstorms in Texas that triggered flooding which, in turn, lead to wide scale property damage. According to a spokesperson for the Insurance Council of Texas, less than half of the homeowners affected had flood insurance -- a special type of insurance that covers losses due to flooding.
 

Unfortunately, this is a common occurrence. Most homeowners don't buy flood insurance for several reasons:  they don't know it exists; they think their standard home policy adequately covers their home; they can't afford it; or they believe their home is in a place that is not ever likely to be in the path of a flood.

According to 2012 data, the average premium for preferred risk flood applications purchased through the National Flood Insurance Program--for a home valued at $150,000 with contents at $60,000--can cost as little as $322 for the year. With the average residential claim for flood damage running at about $42,000, or more, the cost of flood insurance appears to be well worth it.

For more information on flood insurance, or if you would like to receive a flood insurance quote, please call one of our sales associates today--(407) 657-8808--for assistance.

Source: http://www.cbsnews.com/news/more-homeowners-should-buy-flood-insurance/