Flood excess insurance is a type of flood insurance that homeowners will need to purchase if their home's value is more than the $250,000 amount covered by the NFIP. The cost for this type of insurance will depend on the value of the property and the flood risk level for the area.
If you are worried about costs, preventative measures will lower your flood risk, which will also lower how much you'll pay for flood insurance. These measures include elevating utilities such as heating and cooling units and electrical panels, installing flood openings, fill in basements, pushing your home further away from bodies of water, and more. You can also give Holt Flood Insurance a call to see other ways to lower your rates.
So what does flood excess insurance cover? Depending on your insurance provider, they may cover loss of income. Living expenses should you need to stay elsewhere during renovations and preventative measures such as sandbags. There is also no maximum limit for cover but always check with your provider to see what costs they will cover.
Flood excess insurance can get complicated, but Holt Flood Insurance is always here to help with all your flood insurance needs. With over 30 years of experience and thousands of customers served, there has never been a problem that we couldn't solve. Visit our website or give us a call at 1(540)809-1415. We will answer any questions you may have. Contact Holt Flood Insurance today.