{"id":2821,"date":"2018-09-27T15:09:41","date_gmt":"2018-09-27T19:09:41","guid":{"rendered":"https:\/\/new.greatflorida.com\/blog\/?p=2821"},"modified":"2026-04-16T18:39:05","modified_gmt":"2026-04-16T22:39:05","slug":"understanding-flood-insurance","status":"publish","type":"post","link":"https:\/\/www.greatflorida.com\/blog\/2018\/understanding-flood-insurance\/","title":{"rendered":"Understanding flood insurance"},"content":{"rendered":"

\u201cHurricanes and floods can endanger lives, economic viability and entire communities,\u201d says Dustyn Shroff<\/a>, Vice President of GreatFlorida Insurance<\/a>, Florida\u2019s largest independent homeowners insurance<\/a> agency.<\/p>\n

Seeing the destruction Hurricane Florence left behind in the Carolinas, is a heartbreaking reminder of the importance of flood insurance<\/a>. \u00a0According to data from Pew Charitable Trusts<\/a>, between 2000-2017, flood related disasters accounted for more than $750 billion in losses in the U.S. Flood related disasters are the most common and most expensive disaster threat in the nation.<\/p>\n

Pew Charitable Trusts<\/a> also reports, when Hurricane Irma hit Florida last year, 14 percent of the 3.3 million households in the nine counties affected by the disaster had flood insurance<\/a>. Leaving many Florida residents to come out-of-pocket for repairs and expenses.\"\"<\/a><\/p>\n

\u201cMost homeowners are unaware of the natural disasters covered by a standard homeowners insurance<\/a> policy,\u201d says Dustyn Shroff<\/a>, Vice President of GreatFlorida Insurance<\/a>, Florida\u2019s principal independent homeowners insurance<\/a> agency.<\/p>\n

A standard homeowners insurance<\/a> policy covers natural disasters such as wildfires, tornadoes and hail storms. Two natural disaster categories a standard homeowners insurance<\/a> policy will not cover are floods and earth movements.<\/p>\n

Floods are defined as rising water from excessive rainfall, hurricanes, storm surge, dam failure and a tsunami. Earth movements include earthquakes, landslides and sinkholes.<\/p>\n

A homeowner might have a hurricane deductible included on their homeowners insurance<\/a>, however it will not cover the flooding caused by a nearby lake that overflows during a hurricane. Experts with CNBC<\/a> say a hurricane deductible typically ranges from one to five percent, depending on the specifics on your homeowners insurance<\/a> policy. The percentage is based on your insured value, not the damage caused.<\/p>\n

Flood insurance<\/a> is available with GreatFlorida Insurance<\/a>, through the National Flood Insurance Program<\/a>. Also, additional disaster coverage is available for addition to a standard homeowners policy. Do not wait until the report of a storm is looming. It takes 30 days for flood insurance<\/a> to go into effect.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cHurricanes and floods can endanger lives, economic viability and entire communities,\u201d says Dustyn Shroff, Vice President of GreatFlorida Insurance, Florida\u2019s largest independent homeowners insurance agency. Seeing the destruction Hurricane Florence left behind in the Carolinas, is a heartbreaking reminder of the importance of flood insurance. \u00a0According to data from Pew Charitable Trusts, between 2000-2017, flood […]<\/p>\n","protected":false},"author":1219,"featured_media":2829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,3,30,1,8,9],"tags":[],"class_list":{"0":"post-2821","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-homeowners-insurance","8":"category-auto-insurance","9":"category-flood-insurance","10":"category-floridainsurance","11":"category-renters-insurance","12":"category-umbrella-insurance"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/2821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/users\/1219"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/comments?post=2821"}],"version-history":[{"count":1,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/2821\/revisions"}],"predecessor-version":[{"id":13790,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/2821\/revisions\/13790"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/media\/2829"}],"wp:attachment":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/media?parent=2821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/categories?post=2821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/tags?post=2821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}