Is It Too Late to Get Flood Insurance?

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6 min read · Aug 3, 2022

According to the Federal Emergency Management Agency (FEMA), floods are the most common natural disaster in the country, causing billions of dollars in damage each year. And if you are like most people, you’re probably wondering whether it’s too late to get insurance.

The truth is, it’s never too late to get flood insurance. Whether you purchase a policy before or after disaster strikes, it is still worth having insurance coverage. However, the best time to buy a policy is always before a flood.

Don’t Be One of Those People Who Believe They Have Coverage When They Don’t

While many people think that their homeowners insurance will cover flood damage, the truth is that most standard policies exclude flood coverage. If your home is flooded, you could be on the hook for tens of thousands of dollars in repairs and replacement costs.

Neptune Flood is always available for you anytime you decide to protect your assets. Flood insurance is available for residential and commercial properties, and it is essential to note that you don’t have to live in a high-risk flood zone to purchase coverage. Everyone is at risk for flooding, so it’s a good idea to consider insurance even if you don’t live in an area prone to flooding.

Why You Should Get Flood Insurance Right Now

The following are reasons why you should purchase flood insurance right now:

1. Flooding is More Common than You Think
Just because you don’t live in a high-risk flood zone doesn’t mean you’re not at risk for floods. Floods can occur anywhere, at any time. All it takes is heavy rains or a broken levee to cause floodwaters to overrun your home. Every state and 99% of counties in the United States has had a flood event.

2. Flood Damage is Costly
The damage can be extensive and expensive to repair if your home is flooded. The average flood damage claim is more than $52,000. If you don’t have flood insurance, you’ll be on the hook for all those repairs.

3. It’s Affordable
Many people think that flood insurance is too expensive, but the truth is that Neptune is quite affordable. Your premium plans can be adjusted to fit your specific financial capability and budget without breaking the bank.

4. Protect Your Personal Belongings
Your homeowners insurance policy likely covers your personal belongings in the event of a fire or theft, but it probably doesn’t cover them if flooding causes damage. If your home is flooded, you could be out thousands of dollars for damaged furniture, electronics, clothing, and more.

5. Enjoy Peace of Mind
Knowing that you’re protected from the financial devastation of a flood gives you peace of mind. You’ll sleep better at night knowing that your insurance will cover the repairs if your home is flooded.

6. Your Lender May Require Insurance
If you have a mortgage on your home, your lender may require you to purchase insurance. That’s because they want to ensure that their investment is protected in the event of a flood.

7. Protect Your Business
Flooding is a real threat to business owners, and the damage can be extensive. You could be out of business for weeks or even months if your business is flooded. Ensure your financial stability and operations with an insurance policy that can cover your assets.

How Much Is Flood Insurance?

The average cost of a flood insurance policy is between $700 to $2,000 per year. However, the insurance cost varies from person to person because of various factors discussed below. Thus, it is wise to seek expert advice from your agent or Neptune who can devise a plan that suits your desired premium.

The following are factors that can affect your insurance cost:

1. Home or Business Value
The worth of your assets is a primary determinant of how much you’ll be paying for the policy. The higher the value, naturally, the more you’ll pay for the insurance.

2. Flood Risk
If you live in an area prone to floods, you’ll be paying more for the policy. The higher the risk, the more expensive the insurance. The good thing is the Neptune is affordable and worth your investment.

3. Deductible
Your deductible is the amount you’ll be required to pay out of pocket before your insurance policy kicks in—the higher your deductible, the lower your insurance cost.

4. Policy Limits
The policy limit is the maximum amount your insurer will pay for damages. The higher the limit, the more you’ll pay for the insurance.

5. Replacement Cost Value
The replacement cost value is the amount of money it would take to replace or rebuild your property if damaged or destroyed. The higher the replacement cost value, the more you’ll pay for the insurance.

6. Type of Property
The type of property you have also affects your insurance cost. For instance, a single-family home is usually cheaper to insure than a multi-family home.

7. Your Add-ons
If you want additional coverage like contents coverage or business interruption insurance, you’ll pay more for the policy.

8. Insurance Company
Finally, the insurance company you choose also affects your premium. Some companies are just more expensive than others. But that doesn’t mean they’re necessarily better. The good thing is Neptune Flood is the largest private flood insurance company that offers comprehensive covers at the most affordable rates.

Largest Private Flood Insurance Service Provider in the United States

If you are looking for the leading private flood insurance company that will always offer you financial help when you need it most, look no further than Neptune. Neptune is the largest private insurance service provider in the United States. Choosing Neptune Flood as your number one go insurance provider gives you the following benefits:

1. Affordable Rates
Enjoy the best and most affordable rates that suit your budget without worrying about putting a hole in your pocket.

2. Excellent Customer Service
Get access to the best customer support that will help you every step, from finding the right policy to making a claim.

3. Wide Coverage
Neptune offers one of the most comprehensive coverages in the industry, so you can be sure that you and your property are well protected.

4. Peace of Mind
With Neptune, you can have peace of mind knowing that you’re protected from the financial devastation of a flood.

5. Solid Reputation
Neptune has been a well-established and reputable company providing quality insurance for over 150,000 policies. Thus, you can trust the experts and let them handle your flood issues professionally and in the best way possible.

6. Superior Claims Service
Neptune offers superior claims service so you can be sure that you’ll be taken care of in the event of a flood. Moreover, the company is financially stable, and you can trust them to pay your claims when you need them.

7. Easy Online Services
You can easily purchase your policy online in under two minutes. If you have questions, Neptune’s customer service is always available to help you.

8. Professionalism
Finally, the last thing you want to experience is working with an unprofessional company. With Neptune, you’ll never have to worry about that. The company and its team are always professional in everything they do, from handling your policy to dealing with claims.

Contact Us

It is not too late to get flood insurance and getting it now can help save you from a lot of financial stress and devastation in the future. When it comes to finding the best flood insurance company, there is no better choice than Neptune Flood. With its affordable rates, comprehensive coverage, and excellent customer service, Neptune is the best company to trust with your insurance needs. Contact Neptune Flood today and get the best protection for you and your assets.