September 24, 2016

Flood Insurance

Mississippi Flood Insurance



Did you know that homeowners policies do not cover flood damage? Getting your home financially protected from floods can help you avoid financial peril in a time of disaster for you and your family. Having the proper flood insurance is important because it makes sure that you are covered in the event of a flood. Don’t let a storm destroy the life that you have built. Have the proper flood insurance so that you and your family can avoid financial suffering in the event of flood damage.

What Do You Need?

The coverage that you need for your flood insurance is determined by a few factors including:

  • Mortgage Requirements – Sometimes, mortgage companies require a certain level of flood insurance, depending on the area that you live in.
  • Personal Preference – How much coverage you feel comfortable with having is a factor that can determine just how much coverage you need.
  • Level Of Risk – This is a determining factor in part, because you need to consider how much you are willing to loose and the likeliness of you losing it.

Some Definitions

Deductible – This is the amount that you have to pay out of pocket before your insurance coverage kicks in.

Maximum Deductible – This is an amount that mortgage companies typically set as a requirement for the amount of insurance that you have.


How Is Cost Determined?

The cost of your flood insurance is determined by many factors. Our agents have spent many hours in training and continue to study all of the different factors considered in writing a flood policy in order to make sure that you get the best rate available for the flood policy on your property.

Mississippi Gulf Coast Flood Insurance

Many homeowners on the Mississippi gulf coast are in areas that are susceptible to flooding. It is advised that these homeowners purchase flood insurance to help prevent hardship in the event of a loss of a home because of flooding. Give Gartman Insurance in Ocean Springs a call at (228) 872-3881 or come visit us so that we can help you get a flood insurance policy that best fits your needs.