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Are You Covered? What All Florida Homeowners Need to Know About Protecting Themselves from Devastating Floods

Monday, 13 August 2018 12:00 PM

Florida Peninsula Insurance Company

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Florida Peninsula Insurance Co. Advises Floridians to Be Aware of Flood Insurance Options Before a Storm Strikes

BOCA RATON, FL / ACCESSWIRE / August 13, 2018 / As the 2018 Hurricane Season continues, Floridians are faced with the possibility of extreme flooding in their neighborhoods. Just look at what happened in Houston and Beaumont when Category 4 Hurricane Harvey hit Texas last year. Many lives were lost and billions of dollars in flood damage impacted thousands of homes.

Jacksonville, Florida didn't fare much better when Hurricane Irma hit the coastal city last September with one of the worst floods the city experienced in a century. The water came barreling down the streets and kept rising, to the point where it was at shoulder height in some neighborhoods. Many had to be rescued by small boats, kayaks and rafts. Even properties not located in flood zones were susceptible to severe damage.

Unfortunately, many homeowners affected by these disasters were under the misconception they were covered for flood damage with their standard homeowners insurance policies. While these policies do cover water damage from a broken pipe or driving rain, they do not cover damage from rising flood waters.

Up until recently, consumers had only one option: the National Flood Insurance Program (NFIP). However, Floridians now have other flood insurance coverage options via the private market, such as Florida Peninsula Insurance Company. Florida Peninsula's Flood Insurance Endorsement offers new and existing homeowners a far superior policy with greater flexibility at lower rates when compared to the NFIP. The company's flood endorsement replaces the need for a standalone flood policy and is designed to cover homeowners' property and personal possessions up to a selected coverage amount in the event of a flood.

Before the next storm threatens our shores, Florida Peninsula advises all Florida homeowners to make sure their insurance coverage is up to date and to consider protecting themselves from a major water event. Even homeowners who are not located in a designated flood zone may want to consider the inexpensive flood endorsement option offered by Florida Peninsula.

''Flooding can occur quickly following a disaster like a hurricane or a severe storm and can be the direct result of rising water levels nearby,'' said Florida Peninsula President Clint Strauch. ''It's important to contact your insurance agent or insurance company now, before a disaster occurs.''

Please visit www.floridapeninsula.com to get your homeowners and flood insurance quotes.

ABOUT FLORIDA PENINSULA INSURANCE COMPANY

Founded by a team of veteran insurance professionals, Florida Peninsula Insurance Company is one of Florida's top 10 largest companies offering multi-peril homeowners and flood insurance. The company insures approximately 150,000 homes, condo and apartment units located throughout the state. Florida Peninsula markets through a network of 2,500 independent insurance agents. Our aim is to combine the latest technology with old-fashioned courtesy and customer service, providing efficient, cost-effective, peace-of-mind protection for our policyholders. Florida Peninsula was first issued a Certificate of Authority to do business in April 2005 by the Florida Office of Insurance Regulation. The company has maintained a Financial Stability Rating® of A-Exceptional from Demotech. For more information or to get a comparison quote, please call (877) 229-2244 or visit our website at www.floridapeninsula.com

Media Contact:

Don Silver or Michelle Griffith
954-370-8999
[email protected]
[email protected]

SOURCE: Florida Peninsula Insurance Company

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