Flood Insurance

Flood insurance is a type of property insurance that protects homeowners and business owners from financial loss due to water damage caused by flooding. Even though flood insurance is not mandatory, it is better to have it in Louisiana, which is prone to catastrophic hurricanes and floods. If you are thinking of purchasing this type of insurance, here is what you need to know about it:

What Does Flood Insurance Cover?

Usually, flood insurance covers the building itself. Things that are permanently fastened to the structure, including flooring, carpet, light fixtures, and cabinets, are also considered parts of the building and are covered by flood insurance.

What Is Not Covered by Flood Insurance?

Typically, a standard flood insurance policy does not cover buildings, belongings, and structures outside the insured building, such as wells, trees, decks, swimming pools, septic tanks, and some other things.

Is Flood Insurance Expensive?

Certain factors have an impact on the cost of flood insurance. These factors include the location of the building, its design and age, the type of building, flood risk, the deductible, and various other things.

Is It Possible to Get Flood Insurance If You Do Not Live in a Flood-prone Zone?

Yes, everyone can purchase flood insurance. Even if you do not live in a flood-prone area, experts still recommend carrying flood insurance.

Chabert Insurance Agency LLC - Your Reliable Insurance Agency in Louisiana

If you live in Louisiana or operate your business in the Pelican State, you should think about purchasing flood insurance to protect your property, business, and personal belongings. If you have never carried this type of insurance and have questions, experienced and knowledgeable insurance agents from Chabert Insurance Agency LLC will be more than happy to answer them and provide you with the information you need. Do not hesitate to visit our office or give us a call for more details.