FLOOD INSURANCE

Living in Mt. Pleasant, SC, and surrounding areas means being close to stunning coastal scenery and waterways, but this perk of the area also brings the risk of your home flooding. Whether that flooding is from hurricanes, heavy rain, or high tides, floods cause unimaginable damage to property. 

At Crosby Insurance Group, we know how important it is to safeguard your investments from such disasters. That’s why we are here to help you find the best flood insurance coverage and stand by your side in the case of a claim so you know your investments are safe. If you live in Mt. Pleasant and surrounding areas, fill out our quote form below to find out more.

Understanding Flood Insurance

Flood insurance is a policy that covers any damage to your home caused by flooding. Many need this insurance, as standard homeowner’s insurance does not cover assets damaged by this natural disaster. This specialized policy ensures your home and belongings stay safe. It should be a part of your overall risk management strategy so you can be financially protected in the event of damages. 

What is Covered in Flood Insurance?

Flood insurance policies fall under two separate umbrellas: building property and personal property. 

  • Building Property Coverage: This part of the coverage helps to protect the structure of your home, including the foundation, electrical components, plumbing systems, HVAC equipment, and built-in appliances.
  • Personal Property Coverage: This covers your personal property within the building, such as furniture, electronics, and valuables. However, it’s important to note that personal property coverage may not always cover items stored in high-risk areas like basements.

Why You Need Flooding Insurance in Mt. Pleasant, SC

Flooding can happen to anyone, but the risk is greater when you live near coastal areas, rivers, and other bodies of water. Unfortunately, Mt. Pleasant, SC, and other nearby areas have to contend with such risk. 

Even if you don’t live in a high-risk flood zone, you may still experience flooding. FEMA states that almost 20% of flood insurance claims come from moderate- to low-risk areas. Investing in flood insurance can give you peace of mind and financial protection in the event of flooding so you can rebuild your life and recover losses.

flood insurance
flood insurance

Private Flood Insurance vs. FEMA

When you are ready to choose your flood insurance plan, you have two main options: private flood insurance or FEMA’s National Flood Insurance Progam (NFIP). There are pros and cons to both. 

The NFIP provides standard coverage with set maximum limits in high-risk areas. It is also only available to communities participating in the NFIP program and following FEMA’s floodplain management regulations. Many believe the NFIP plan is the most affordable option, but we find it often depends on the location and home/building details. 

A private flood insurance plan can provide a higher coverage limit and more benefits, such as living expenses and business interruption. Overall, the plan is more flexible with policy terms and coverage options. 

Crosby Insurance Group can help you decide which of these two options best suits your unique situation. Our agents can assess property risk, compare NFIP and private insurance benefits, and tailor a policy to provide the best protection.

Why Choose Crosby Insurance Group?

At Crosby Insurance Group, we want to help you through the complexities of safeguarding your property, from picking a policy that will protect you to fighting for your coverage in the event of a claim. Our experienced agents will work with you to assess your risk based on the location, elevation, and other factors to determine what coverage you need. Then, we can help you compare policies, tailor your coverage, work within your budget, and provide support if you have any further questions. In the unfortunate event of a claim, we will stand by your side to make sure you get the best compensation possible. 

Contact Us

Reach out to Crosby Insurance Group today to discuss your flood insurance options. Our knowledgeable agents are here to help you every step of the way and get you the best coverage suited to your needs. Simply fill out the form below for a free quote. 

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