Common Problems When Buying Flood Insurance

April 19, 2017

A Friday Harbor Flood Insurance Update

Few people understand how flood insurance works.  Nonetheless, when you need it, flood insurance can go a long way to help you recover from a loss.  Insurance is all about understanding risks, and not every business or homeowner is equally at risk for flood losses.  Having flood insurance means you will be reimbursed for all your covered losses, and unlike Federal aid, it never needs to be repaid.

Friday Harbor Flood Insurance Concerns

  • Your homeowner’s insurance does not cover floods. Flood insurance requires a separate policy that is especially for floods. If you do not have one, you are not covered.
  • You may need flood insurance even if you live outside the flood plain. Flooding can occur anywhere. In fact, 30% of flood damage occurs outside the “flood plain.”
  • If you decide you want flood insurance, you will need to secure coverage as soon as possible. There is a 30-day waiting period before policies can be bound.
  • There are flood polices for condominiums and apartments as well.

We are your trusted partner. Call us to help you better understand your policy. We can help explain what is in your policy and more importantly, help make sure that you are appropriately protected for the future.

Based in Friday Harbor, Safe Harbor Insurance is proud to serve the insurance needs of San Juan County and all of Washington. Let us help you find the right auto, home, life and commercial insurance to meet your personal needs. Contact us now for quick, competitive quotes.

Contact Safe Harbor Insurance or call 360-378-2949 to identify the best combination of coverage, value and price just for you.