Insurance Services

One of the most important exposures you have to consider is the possibility of flooding. Whether it’s from a rainstorm, tropical depression, hurricane, or other severe weather event most people are extremely underinsured or in some cases carry no flood insurance at all. Even in situations where flood insurance is mandatory, it’s rarely enough to begin recouping all of your actual losses.

A few key points to remember regarding flood insurance are:

• Everyone lives in a flood zone! It’s just a question of whether you live in a low, moderate, or high risk area!
• Nearly 25% of all flood claims filed are from low risk flood zones!
• Almost 75% of all flood claims filed are from moderate and high risk flood zones and quite often do not provide adequate coverage for losses sustained!
• Changing weather patterns, residential development, and business development will significantly impact the chance of flooding in your particular area!
• Your homeowners, business owners, or other personal property insurance will not cover losses due to a flood!

Sadly, many folk’s assume that their homeowners, business owners, or other personal property insurance will cover losses resulting from a flood. IN FACT, homeowners, business owners, or other personal property policies WILL NOT cover damage caused by a flood. Even in cases where National Flood Insurance Plan (NFIP) coverage is available, it will only cover losses up to $250,000 and in most instances this coverage is not nearly enough!

At Insurance Associates, we possess a unique expertise in helping homeowners and business owners secure the right amount of flood insurance. For over 25 years, we have been at the forefront of writing flood, excess flood, and Costal Barrier Resources Act (CBRA) coverage in the state of Delaware and Maryland. Our affiliations with certain underwriters at Lloyd’s London and National Excess & Surplus Ltd., give us great flexibility in addressing your flood insurance concerns.

Flood Insurance and its many nuances can be difficult to understand, particularly during the closing process. That’s why we at Insurance Associates can help you navigate this difficult process with ease and peace of mind. One of our Flood Insurance specialists will take the time to discuss what insurance plans and coverage’s are most appropriate for your unique needs.

Get a FREE consultation with one of our flood specialists!

At Insurance Associates, “It’s not just Business…..it’s Personal"