Flood Insurance in Kenner, LA
Given their proximity to the Gulf of Mexico, severe weather patterns and low elevation, homeowners and renters in the Kenner and New Orleans areas must be wary of floods. These natural disasters can strike with little warning and inflict catastrophic property damage, often leading to expensive financial consequences. Fortunately, the right flood insurance coverage can help shield you from these ramifications.
Do Most Homeowners Insurance Policies Cover Flood Damage?
Unfortunately, most standard homeowners insurance policies don’t include coverage for floods. This is also typically true of standard renters insurance. While many policies may provide financial protection from some forms of water damage, external floodwater entering your home is typically classified differently than if a pipe were to burst in your basement. Given this potential coverage gap, you may need to acquire a specialized flood policy to financially secure your home and belongings.
What Does Flood Insurance Cover?
Flood insurance can typically include the two primary components:
- Structures coverage may help pay to repair or rebuild a home, including its walls, floors, foundations and attached fixtures (e.g., bookcases, paneling and cabinets).
- Contents coverage may provide financial aid for losses involving your possessions, including furniture, electronics and clothing.
How Much Do Flood Policies Cost?
Determining rates for insurance may require insurance companies to analyze your circumstances carefully. This process often includes consideration of the following:
- Location
- Details of insured structures (e.g., age, number of floors and building materials used)
- Value of insured contents
- Geographic details of property (e.g., topography)
- Prior claims history
- Coverage limits
- Deductibles
We’re Here to Help
Fitzwilliam Insurance Services LLC has served homeowners, renters and businesses since 1992. Call us today to learn more about specialized coverage options, such as mobile home flood insurance and renters insurance with flood coverage, or visit our website for an instant flood insurance quote.