Am I Protected from Floods with My Homeowners Policy?


4 min read · Jun 23, 2022

You may be wondering if you’re protected from floods with your homeowners policy. Neptune Flood can help you understand your options and find the right insurance for your needs. Flood insurance is a type of coverage that helps protect your home or business from water damage caused by flooding. It can help cover the cost of repairs or replacement if floods damage your property.

Unfortunately, your standard homeowners insurance policy will not cover any damage caused by floods. To be protected from floods, you must purchase a separate insurance policy.

Floods are among the most common natural disasters in the United States. According to the National Flood Insurance Program (NFIP), floods occur in all 50 states. Floods can cause extensive damage to your home or business, and they can be very costly to repair, which many homeowners policies cannot afford to cover. If you don’t have insurance, you may have to pay for repairs out of your pocket.

Why Find Separate Neptune Flood Insurance Coverage for Your Home?

The following are ten reasons Neptune advises why you need to stop over-relying on your home insurance policy to protect your property against floods:

1. Flooding Can Cause Extensive Damage to Your Home or Business

Floods can cause extensive damage to your home or business, which can be very costly to repair. Unfortunately, a homeowners policy typically does not cover flood damage.

2. Be Able to Claim Your Valuable and Expensive Assets

Your home is likely one of your most valuable assets. If it’s damaged or destroyed in a flood, you may not be able to afford to repair or replace it without insurance since homeowners policies do not cover expensive item replacements.

3. Protect Your Belongings from Floods Damage

Floods can damage your belongings, including furniture, electronics, and clothing. If you don’t have insurance, you may have to pay to replace these items out of your pocket.

4. Save Money in the Long Run

While insurance may seem like an unnecessary expense, it can save you money in the long run. If a flood damages your home or business, you may have to pay for repairs or replacement out of your pocket if you don’t have insurance since your homeowners policy may not compensate you for your losses.

5. Helps You Recover Faster After a Flood

If a flood damages your home or business, Neptune insurance can help you afford the repairs or replacement to get back to everyday life as soon as possible.

6. May Be Required by Your Mortgage Lender

If you have a mortgage on your home, your lender may require you to have separate insurance. A homeowners policy is never adequate to insure your property in such a case.

7. Your Home or Business May Be in a High-Risk Flood Area

Even if you don’t live in a high-risk area, your home or business may still be at risk for floods. 20% of all flood claims come from properties outside of high-risk areas, yet homeowners’ policy fails to cover such places.

8. Flood Zones Can Change

Even if your home or business is not currently in a high-risk flood area, it’s essential to know that flood zones can change. If there is a new development in your area, or if a nearby dam or levee is updated or removed, your property may become at risk for floods.

9. Flooding Can Happen Anytime, Anywhere

Floods can happen anywhere, at any time. They can be caused by events like heavy rains, melting snow, hurricanes, or flash floods. Even if you don’t live in a high-risk area, it’s essential to be prepared for the possibility of floods.

10. Neptune Flood Can Cover the Cost of Repairs or Replacement

If a flood damages your home or business, Neptune flood insurance can help cover the cost of repairs or replacement. This can save you money and help you get back on your feet after a disaster.

How Much Does Neptune Flood Insurance Cost?

The cost of insurance depends on several factors:

  • Value of Your Property: The value of your property is one of the most significant factors in determining the cost of Neptune Flood cover. You’ll likely pay more for insurance if your property is worth more.
  • Location of Your Property: If your property is in a high-risk area, you’ll likely pay more for insurance.
  • Deductible: Your deductible is the money you’ll have to pay out of pocket before your insurance policy kicks in. The higher your deductible, the lower your premium will be.
  • Coverage Limit: Your coverage limit is the maximum amount of money your insurance policy will pay out in the event of a flood. The higher your coverage limit, the higher your premium will be.
  • Optional Coverages: Neptune offers additional optional coverages that can help provide relief that a standard flood policy does not. These include things like temporary living expenses, unattached structures, and pool repair & refill.

How Neptune Flood Insurance Works

If you’re interested in getting Neptune insurance, there are a few things you need to do:

  1. Determine the value of your property and have much coverage you want.
  2. Choosing a deductible and coverage limit that fits your needs and budget.
  3. Select additional coverages you find necessary.
  4. Receive a quote and purchase your policy.
  5. Receive claims when disaster strike.

3 Reasons You Should Choose Neptune Flood

There are plenty of reasons to choose Neptune Flood, but here are just a few:

  1. You’ll be protected from the financial devastation of floods.
  2. You can customize your policy to fit your needs and budget.
  3. We have a team of experts who are here to help you every step of the way.

Consider Neptune Flood if you need better coverage against floods. When it comes to floods, Neptune is the best choice. We are the leading private provider of flood insurance in the United States, and we can offer you the best protection possible. Besides, Neptune is committed to providing the best possible protection against floods. Contact Neptune Flood today to get started on your policy.