Flood Insurance in Jacksonville, FL and Surrounding Areas
Keeping Homeowners and Businesses Protected in Jacksonville and Orange Park, FL
Flood damage comes in many forms; erosion, property destruction, and injury among them. This kind of damage can occur almost anywhere in the U.S. for a wide variety of reasons, and for this reason it is important that homeowners and business owners have flood insurance coverage. At Rumlin Insurance Agency we know that purchasing flood insurance can be daunting because it often constitutes owning a separate policy and in some cases such a policy can be costly. However, we offer flood insurance policies that are adaptable to the needs of individuals and enterprises and can keep property, assets, and people secure for the right prices.
Contact one of our agents to get started or read on to learn more.
Specialized Coverages for Flood Damages
Flood insurance is provided exclusively through the National Flood Insurance Program (NFIP) and has set rates and limits. This type of insurance is sold through independent agents frequently however, and as a result, parameters set by the federal government can be navigated to help anyone find a flood policy that fits him or her.
Flood insurance covers structures, properties, assets, and people in some cases. The coverage this insurance provides can be broad or it can be very specific, and depending on the policyholder can be either a substantial investment or a nominal one. If you live in a ‘high-risk’ area then flood insurance will almost certainly cost more for you than it would if you lived in a ‘low-risk’ area. Florida has many ‘high-risk’ areas since the most of the state is flat and is surrounded by water. To find out if you live in a high-risk area and what your flood insurance might cost, simply ask your agent at Rumlin Insurance.
For businesses and for homes, flood insurance covers structures, personal items, and on-premises assets in its basic form. Businesses and homeowners can opt to purchase additional coverages for more protection, and details of these coverages and of basic coverages are below.
Business flood insurance covers structures, properties, and other assets, including commercial automobiles and equipment. For businesses, flood insurance is often a little more complex than it is for homeowners, as there are more assets to cover. Businesses can purchase Preferred Risk or standard policies.
Homeowners can purchase standard flood policies, but in most cases it is beneficial to homeowners to purchase a series of smaller policies. This helps provide comprehensive coverage. Individual flood policies that homeowners can purchase include general property, residential condominium building association, standard flood, and dwelling. As with business flood insurance, homeowners insurance has specific limits and provides specific options.
The NFIP establishes limits, but coverages can differ within these limits. Replacement cost value (RCV) and actual cash value (ACV) are two options available to flood insurance policyholders but these options differ for homeowners and businesses. Replacement cost value is often chosen if a policyholder wants to insure an asset completely, and actual cash value is often chosen if he or she wants to insure an asset for a portion of its original value. Ask your agent which option you have; you may have only or both options.
Dedicated Agents and Personalized Services
Purchasing flood insurance directly from the federal government doesn’t leave much room for customization. An independent agent can help you customize your flood insurance policy and can ensure that you’re protected for the right price. Your options for limits may be determined by the federal government but your rates and the right combination of coverages can be determined by you. With the help of an agent at Rumlin Insurance, you can make your flood insurance what you want it to be.
The Rumlin Insurance Agency is proud to provide flood insurance in Jacksonville, Orange Park, St. Johns, Fernandina, St. Augustine, and Callahan, FL. We also serve other areas in the state.