In the upcoming months Southern California is predicted to get record breaking rainfall. Along with the rainfall we are also expected to experience extreme high tides. With these two factors combined, homeowners as well as business owners are at major risk for flooding so we encourage you to protect yourself.
What does this mean for insurance?
There will be coverage gaps because a standard homeowners policy will not cover you for a flood. Rising water is specifically excluded so you need to have a separate Flood Insurance policy in force to have coverage. The maximum amount of coverage for a dwelling available on a Flood Insurance policy is $250,000 and there is a 30 day waiting period once you submit an application for a flood policy. So don’t wait until it’s too late! Contact our office today to a get a Flood quote.
Some more information on flood insurance can be found at the National Flood Insurance Program website: