Flood Insurance

Flood Insurance for Your Home

Floods are the second leading cause of natural disasters, and Florida is no exception. It might be smart for you to invest in a flood insurance policy.

The wake of disaster created by floods in Florida doesn’t just create a lot of work for you; flood damage could leave you with empty pockets. Some people do not know that their home policy does NOT cover flood damage in the state of Florida and needs to be addressed on a separate policy.

You might be in a classified flood zone or have a history of flooding in the past, and if you have lived in Florida for but a short while, you probably already know the financial cost of fixing flood damage. Some people who don’t live in a “high risk area” will still carry flood insurance. Either way, it’s safe to say that having flood insurance is a wise choice for Florida homeowners.

Fortunately, there are still ways to protect yourself from flood risk. No matter if you are a business owner, homeowner, or renter, there will still be carriers out there willing to take the risk.

We specialize in the flood industry here at 3rd Generation Insurance, and aim to give our Florida neighbors the best policy for their dollar. With our arsenal of carriers to choose from, our experienced staff and agents will tailor a wide range of perks along with all the flood insurance discounts available in the market.

We can provide Flood Insurance for: homeowners, condos, renters, and businesses.

Take the worry away, reach out today!

Fixing damages after hurricane Ian

We are here for our Florida neighbors, ready and waiting for the next one!

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Flood Insurance Contents

Should I Have Flood Insurance?

In Florida especially, the possibilities of having a flood is no joke. In fact, over 1 out of 4 homes with a 30 year mortgage will face flood damage costs, and this statistic was recorded before hurricane Ian! It is safe to say, that Florida flood insurance is never a bad idea.

Personal Story: As a resident of Florida myself, my family and I lived in a home that was Not located in a “flood zone”, but only after living there for 3 years we had a sobering close call with flooding. The street flooded all the way up the driveway standing a foot away from entering our home. We were told that homes located out of classified flood zones were safe! Even so, as a family of insurance agents, you better believe we had flood insurance. Fortunately, the rain stopped before the water could enter our home. However, Some of our neighbors weren’t so lucky.

After helping our clients with their flood damage, having our own, first hand experience, and looking at alligators tanning on our front lawn, we since specialize in flood insurance, slowly educating Floridians about the dangers of flooding.

What Is Flood Insurance?

Flood Insurance will reimburse you for having to replace broken or damaged things caused by flooding.

NOTICE: Contrary to what some people may think, your homeowners policy is nearly guaranteed to exclude flood damage, meaning that if you had flood damage, your homeowners policy for not reimburse you for those damages.

What Does Flood Insurance Cover?

Flood Insurance will cover the costs of rebuilding, repairing, or replacing: structural and personal property. Depending on your current carrier, your contract will list exactly what it will and will not reimburse you for. Many coverages in a Florida Flood Policy can be optional. Talk with your agent to learn about what coverage you have in place.

How Much Does Flood Insurance Cost?

If you don’t know already, insurance in Florida isn’t cheap, and if your policy is cheap then I would be suspicious about the integrity of the contract. Flood insurance is no exception to this rule, but what is scarier is the cost of not having it.

Depending on where you live, your carrier, or the potential cost in replacing your property, the price of flood insurance will be dependent on many factors.

If you want to know how much flood insurance will cost for you. Start a Quote

Cost Factors for Flood Insurance Coverage

  • Age of your home.

  • Elevation level.

  • Location.

  • Type of structure.

  • Amount of coverage.

Summary of Why You Should Consider Getting Flood Insurance

Floods have occurred in Fort Myers, Punta Gorda, and the areas up to Venice due to various factors, including heavy rainfall, low-lying terrain, and coastal risks. These regions are susceptible to flooding, and it is crucial to consider purchasing a flood insurance policy to protect your property and finances. Here's why you should consider buying a flood policy from 3rd Generation Insurance:

Comprehensive Coverage: 3rd Generation Insurance offers flood insurance policies that provide comprehensive coverage for flood-related damages. This coverage includes protection for your home's structure, personal belongings, and additional living expenses if you are displaced due to a flood.

Expertise in the Local Area: As a trusted insurance provider in the Fort Myers, Punta Gorda, and Venice regions, 3rd Generation Insurance understands the specific flood risks and challenges faced by homeowners in these areas. Their knowledge and experience allow them to tailor flood insurance policies to meet the unique needs of local residents.

Competitive Rates: 3rd Generation Insurance strives to offer competitive rates for their flood insurance policies. They understand the importance of affordability while ensuring that you receive adequate coverage to protect your property from flood-related damages. By partnering with multiple insurance carriers, they can provide you with options that suit your budget.

Personalized Service: When you choose 3rd Generation Insurance for your flood insurance needs, you can expect personalized service and attention. Their dedicated agents will guide you through the process, explain policy details, answer your questions, and assist you in selecting the right coverage options that align with your specific requirements.

Peace of Mind: By purchasing a flood insurance policy from 3rd Generation Insurance, you can have peace of mind knowing that you are prepared for the financial impact of a flood event. In the unfortunate event of a flood, you can rely on their support and expertise to navigate the claims process and ensure a smooth and timely resolution.

Frequently Asked Flood Insurance Questions

  • Yes. Flood Insurance Policies will have a 30 day waiting period before coverage is binded. However, if you already carry a flood insurance policy or a new flood insurance policy is listed in the terms of a mortgage, there will be no waiting period.

  • Flooding is defined as water rising from the ground up. For example: If a storm caused rain to pool up from the ground and run into your property, that would be considered flood damage.

    Storm damage would be water coming in from above. An example of storm damage would be: Cyclone winds compromised the clay tiles of your roof causing water to run in from the ceiling.

    This would not be covered under your flood policy.

  • In the state of Florida, the possibilities of having a flood is no joke even for people outside of flood zones. Over 1 out of 4 homes with a 30 year mortgage are said to have flood damage costs at some point, and this statistic was recorded before hurricane Ian! it is pretty clear that having flood Insurance is never a bad idea in Florida.

    Personal Story: As a resident of Florida myself, my family and I lived in a home that was Not located in a “flood zone”, but only after living there for 3 years we had a sobering close call with flooding. The street flooded all the way up the driveway standing a foot away from entering our home. We were told that homes located out of classified flood zones were safe! Even so, as a family of insurance agents, you better believe we had flood insurance. Fortunately, the rain stopped before the water could enter our home. However, Some of our neighbors weren’t so lucky.

    After helping our clients with their flood damage, having our own, first hand experience, and looking at alligators tanning on our front lawn, we since specialize in flood insurance, slowly educating Floridians about the dangers of flooding.

  • Yes. In the state of Florida, over 1 out of 4 homes with a 30 year mortgage will have flood damage. Since your homeowners policy will not cover flood damage, flood coverage needs to be purchased separately.

    For some people, having flood insurance is required by their mortgage company.

    Are you prepared for flood damage? Get a free Flood Quote

  • No. Unless a tropical storm is said to be on route, Insurance companies should have the power to bind coverage. Getting a flood policy won’t protect you from damage until the waiting period is over, so get it as early as you can!

  • Yes, renters can also obtain flood insurance to protect their personal belongings in the event of a flood. While the building itself may be covered by the landlord's insurance, it's important for renters to have their own coverage for their possessions.

  • If you live in a high-risk flood zone and have a mortgage from a federally regulated or insured lender, you are required to have flood insurance. However, it's still recommended to consider flood insurance even if it's not mandatory for your situation.