Floods insurance protects your property from damage from rising water.
- Protects the building structure and property from flood loss
- Assists you to mitigate flood loss in the future
- Available for homes, businesses, condo units, and renters
- All building types qualify including those with enclosures, on a slab or a crawlspace
Flood insurance is required on your property if you have mortgage and are in a “Flood Zone” as deemed by the National Flood Insurance Program maps. Some mortgage companies in New Orleans will require you buy flood insurance even if you are in preferred flood zone.
There is usually a 30 day waiting period after your initial premium payment before a flood policy will be effective with a couple exceptions.
Flood Insurance is never covered under your Homeowners insurance.