Flood Insurance might be an important consideration depending on the location of your investment properties. Flood insurance is almost always excluded on all policy property forms and oftentimes needs to be purchased separately. Whether you are required to carry this coverage by your lender or just want additional protection for your investment properties, National Real Estate Insurance Group has flood coverage you need.
Submit your property information using our online proposal request, and receive a custom proposal. An agent will contact you to go over your insurance options and help you choose the best coverage for your business.
Start a proposal request to get Flood Insurance today!
Flood may occur when water from natural sources such as rivers and lakes breach their banks during heavy rains or when the ground is over-saturated with water and causes the excess to seep through foundations or other vulnerable parts of the structure.
Federal Emergency Management Agency (FEMA) defines a flood as a “general and temporary condition of partial or complete inundation of two or more acres and two or more properties of normally dry land.” You can find more information on the FEMA website.
- Water Damage – “sudden and accidental” burst or overflow of water. Examples include a pipe bursting or an accidental overflow of a bathtub.
- Named Windstorm – be sure Named Windstorm coverage is included in your property coverage for protection in the event of a hurricane or tropical storm.
- Sewer and drain back-up is another common exclusion. This coverage can be added with our Tenant Protector Plan ®. Learn more about the differences between these here.
National Real Estate Insurance Group offers one of the most comprehensive insurance solutions for investment properties. We have products that can accommodate any type of investment properties.
Make coverage changes and pay for coverage as-you-go, monthly. Our clients can choose to manage their account online 24/7 or with a dedicated Client Service Representative.
Read one of our articles about flood insurance or go to our Resource Center to learn more.
Understanding the difference between Flood, Water Damage and Sewer Back-Up is a common area of confusion for any real estate [...]