Flood Insurance

Quality flood coverage for your house, condo, or personal property. 

Why You Need Flood Insurance for your Home

As a homeowner, condo-owner or renter, you need flood insurance that protects your home and personal possessions. Whether your situation involves low, moderate or high risk for flooding, Clarke and Sampson can provide this coverage through the NFIP at the level that’s right for you.

In a low-to-moderate risk area. You may be eligible for a preferred risk policy if your home is in a low flood hazard zone designated by the Federal Emergency Management Agency and has limited flood loss history. This is simple, straightforward, and very affordable coverage.

In a high-risk area. Even if you have lived in a high flood hazard zone designated by the Federal Emergency Management Agency, you can still get what you need from a standard flood insurance policy. Your rate is based upon the flood zone, the age and type of home, and the amount of coverage you choose.

Whether you own a single-family home or a two-, three-, or four-family house, including condos, vacation or rental property; flood insurance offers you:

• Building coverage that pays for damage to your dwelling and items such as the furnace and water heater;
• Contents coverage for your furniture, rugs, appliances, and clothing (subject to limitations in basement areas);
• Property protection that pays for sandbagging and other expenses for preventing flood damage; and
• Clean-up reimbursement to cover costs of cleaning your home and removing debris after a flood.

By federal law, a flood insurance policy doesn’t go into effect until 30 days after its purchase. However, if you purchase your flood insurance policy in connection with your mortgage closing, the policy will be effective at the time of closing.

Affordable Protection
The cost of flood insurance is minimal when you consider the enormous expense of repairing or replacing your home and possessions after a devastating flood.

To make it even more affordable, Clarke and Sampson offers all of the NFIP increased deductible options which provide premium discounts.

Essential Coverage
Think you’re not at risk? Consider this:

• Approximately 25 percent of flood insurance claims come from low-risk areas.
• Six out of ten Presidentially declared disasters involve flooding.
• Flooding occurs in every state and can occur at any time of the year.
• Federal disaster relief is available only if a federal disaster is declared, which occurs in less than half of all floods. Flood insurance pays for your covered losses, even if a disaster is not federally declared.
• Federal Disaster relief is usually a partial recovery in the form of a loan, with monthly payments that may be more expensive than the average annual flood premium.
• If you do not purchase and maintain a flood policy after you have received federal disaster assistance, you will not be eligible for future disaster relief.