Ameridry Blog Flood Insurance Rates on the Rise in Southwest Florida

Floods are the most frequent natural disaster in United States, yet many homeowners operate under three misconceptions. First, they think that their home insurance covers floods. Second, they assume that buying flood insurance is a major expenditure. Finally, they might assume that they live outside of a flood zone and don't need insurance.It doesn't help that flood insurance rates throughout the state of Florida are once again on the rise, causing even more homeowners to drop or forgo this important protection.The Realities of Flood InsuranceCheck your coverage, don't assume: A standard home insurance policy does not cover floods. As Florida has been affected by its fair share of flooding in the last few years as the result of hurricanes and other weather events, you can easily be left high and (not so) dry if your home was flooded and you have no flood insurance.Flood insurance is actually quite affordable: Coverage is available to everyone even in low to moderate risk areas for as little as $129 a year and that covers both building and contents, so it can be quite affordable, considering the damage that floods can do in a short time.