Flood Insurance in Jacksonville
Flood Insurance in Jacksonville
Shopping online for affordable Jacksonville flood insurance?
It is important to protect your property from damage caused by flooding. Since standard homeowners insurance does not cover flood damage associated with tropical storms, hurricanes and heavy rainfall, Congress created the National Flood Insurance Program* to offer coverage to participating communities. By adopting and enforcing local ordinances that meet Federal Emergency Management Agency's (FEMA) requirements, the national flood partnership guarantees that business owners, homeowners and renters have an opportunity to purchase flood insurance. Rates are categorized by a property's flood profile for floodwater rise following a disaster.
FEMA's "Write Your Own" Insurance Program
Floodplain management allows FEMA to monitor the NFIP and ensure flood insurance is available for property owners through individual agents and insurance companies. Generally speaking, if a home, rental property or commercial building is financed through a federally-funded or insured mortgage, structures that lie in a high-risk flood area are required to have NFIP coverage. Conversely, properties in zones with low to moderate risks are not required to participate but flood coverage is highly recommended. Coverage is NOT purchased directly from any government entity. Instead, the flood insurance rates, coverage, provisions and conditions for the settlement of a claim are the same for a given flood zone but written and serviced through private insurance companies.
Maximum Provisions of NFIP Residential Coverage
Standard coverage purchased under the provisions of the NFIP is a single peril policy that pays for damages based on the replacement cost or the policy's limit of liability, but the payout is for whichever amount is less. The NFIP offers home owners flood insurance coverage for:
- Building Property up to $250,000
- Personal Property up to $100,000
There are other dwelling forms available for insuring residential condominium associations buildings and privately-owned family residential and non-residential buildings. Coverage for flood damages differ slightly and may contain a coinsurance clause with a pro rata reduction in claim payments if a building is insured for less than 80% of the replacement value. For additional information about your specific needs for Jacksonville flood insurance, call Shapiro Insurance Group direct or use our website's convenient contact form for a prompt email response.
My husband and I recently moved to Florida from out of state. We'd both been with the same insurance company since before marriage, over 25 years each to date. Unfortunately, all aspects of the move (homeowners, auto, property, and a new construction) proved beyond difficult for our company, to the point we started looking for a new provider. Shapiro came highly recommended by a neighbor and we were not disappointed. Unlike other companies we investigated, Jessica Coop with Shapiro responded immediately. Without the promise of future business, she provided a quote for our new home that the bank required. We decided to take it a step further and met with her to discuss transferring our business. She was on a mission, searching for the best packages for all our individual needs, while ensuring she was keeping us at the protection and service level to which we'd become accustomed with the other company. She was very frank about each cost vs. benefit decision. She has continued to help us navigate our coverage throughout the construction process. We have never felt so secure with our insurance portfolio and are grateful for her expertise and professionalism!
— Julia L.