Inland Flood Coverage Endorsement for Homeowners Insurance

TriStar Insurance Services, LLC is proud to announce the offering of a new Inland Flood Coverage (IFC) to Homeowners and Farmowners clients.  This endorsement will help fill a major gap for our clients that are eligible for this coverage.

 

Flood is the number one most frequently occurring natural disaster in the United States, according to FEMA. It has impacted every state, and homeowners in low-to-moderate risk areas are often uninsured against serious losses and left with expensive repair costs.

Flood coverage just for you

If you’re an inland resident, you now have a new choice for flood insurance.  Designed specifically for residents in low-moderate risk areas, our Inland Flood Coverage Homeowners Insurance Endorsement can add affordable flood coverage to your existing homeowner, farm owners or mobile home insurance policies.  The endorsement coverers flood, including personal property, basement exposures and loss of use because this is most important to most homeowners.

 

Here are some of the details of this new coverages:

• Inland Flood Coverage includes protection for common flood exposures in areas that are low to moderate flood risk areas in the event of a flooding occurrence.
• North Carolina Grange Mutual Insurance Company (NC Grange) provides this excellent protection for flooding in inland areas up to $25,000 of coverage.  Clients wanting less coverage can opt for coverage as low as $10,000.
• To purchase Inland Flood Coverage on the NC Grange Homeowners Insurance policy starts at about $24 a year.

By The Numbers

• Flood is the most frequently occurring natural disaster in the US.
• The average flood claim occurs 20% the time in the low-to-moderate risk areas.
• 1 inch of water can cause $25,000 of damage to your home.
• Every state has experienced flood events in the past 5 years, NC is no exception.
  • Clayton, Smithfield, Garner, Benson, McGee’s Crossroads, 40/42 and Four Oaks are prone to flooding because of the Neuse River.
  • Dunn, Erwin, Lillington, Angier and Coats are prone to flooding because of the Cape Fear River.
  • Clinton and Sampson County are prone to flooding because of the Black River.
• Flash/Floods are a great danger to homeowners during heavy rains.  A flood can come and go leaving destruction in their path.

 

The average Flood Claim with the National Flood Insurance Program is $43,000, however it’s clear that homeowners need this protection.

 

 

Please note this coverage is not designed to replace the National Flood Insurance Program but is however an excellent coverage to fill a much needed Gap in your Homeowners Insurance policy.