When do I need flood insurance in Florida?

Living in the St. Augustine, FL area is a dream for many people. With access to the ocean and beaches, it can be a great place to live. While there are plenty of great advantages that come with living in this area of Florida, there are risks as well. For property owners, finding a way to mitigate the risk of flood damage is very important. One way to do this is by getting flood insurance. There are several situations when you will need to have flood insurance in Florida. 

When Required by Lender

One of the most common reasons why someone will get a flood insurance policy in Florida is because it will be required by their mortgage lender. If you purchase a home in Florida and it is located in a high-risk flood zone, your lender will want to make sure you have the appropriate insurance in place to protect their collateral. 

When Concerned About Flood Risk

Even if you do not have a requirement by a lender to get flood insurance, you should still get coverage if you are concerned about the risk of flooding in your area. A flood insurance policy can provide you with ample coverage to restore your property if it is damaged. This could prove to be a very valuable investment. 

Ultimately, choosing a new flood insurance policy for your St. Augustine, FL home is very important. When you are looking for a new policy, you should reach out to the team at Tim Huber Insurance. The insurance professionals at Tim Huber Insurance can help you to better understand all of your obligations when it comes to insuring your home. They can then help you to choose a flood insurance policy that offers the best coverage possible.