Floods can be disastrous, but what can be even more devastating is discovering that your flood insurance policy doesn’t cover everything you thought it would. Midland Insurance Agency in Staten Island will educate you on the specifics so you know what your carrier will pay for in case damages occur.
According to the FEMA National Flood Insurance Program, flood insurance coverage is limited in areas that are located below the lowest elevated floor, including basements and crawlspaces under an elevated building. Coverage is also limited in enclosed areas beneath buildings elevated on full-story foundation walls, which are sometimes referred to as “walkout basements,” as well as in enclosed areas under other types of elevated buildings.
To ensure you’re properly covered, Midland Insurance Agency offers smart, comprehensive and competitively priced flood insurance policies. By using the flood coverage calculator on the firm’s website, you can even get an estimate of what you’ll pay simply by entering your address.
Knowing the cost of coverage is important because the following items located in limited areas below the lowest elevated floor are not covered under building property or personal property policies:
- Home Décor: Floor coverings, paneling, furniture, and window treatments (blinds and curtains)
- Structural Elements: Drywall for walls and ceilings below the lowest elevated floor, walls and ceilings not made of drywall, and staircases and elevators, in certain cases
- Personal Property: Clothing, electronic equipment, and kitchen supplies
For more than 15 years, Midland Insurance Agency has worked hard to ensure its clients have the right type of flood insurance. This team of professionals will not only be your advocate when a claim needs to be processed, but they’ll also periodically review your coverage to keep up with any changes in your insurance needs.
For more information, or to request a flood insurance quote, visit Midland Insurance Agency online or give them a call at (347) 705-7912.