Flood Insurance

Thank you for your message. It has been sent. We'll be in touch shortly.

There was an error trying to send your message. Please try again later.

Protect Your Brooklyn Property with Flood Insurance

Floods can strike anywhere, even in areas not traditionally prone to flooding. A single inch of floodwater can cause significant damage to your Brooklyn home or business. Most standard homeowners insurance policies do not cover flood damage. To safeguard your property, you need a separate policy.

Building Coverage

Structural Components: Protects the physical structure of your home, including walls, floors, foundation, and roof.
Appliances: Covers built-in appliances like dishwashers and stoves.
Electrical Systems: Protects electrical wiring and systems.
Plumbing Systems: Covers plumbing fixtures and pipes.

Contents Coverage

Personal Belongings: Protects your furniture, clothing, electronics, and other valuables.
Appliances: Covers portable appliances like refrigerators, washing machines, and dryers.

What Isn’t Covered by Flood Insurance?

While insurance is a valuable tool to protect your property, it’s important to understand its limitations. Here are some things that are typically not covered by standard insurance:

Damage Caused by Non-Flood Events: This includes damage from wind, hurricanes, or sewer backups that are not directly caused by flooding.
Land Damage: Flood insurance generally does not cover damage to land itself, such as erosion or land subsidence.
Items Stored in Basements: Basements are susceptible to flooding, so they are often excluded from coverage.
Vehicles: Cars and other vehicles are not covered by standard policies.
Business Interruption Losses: While flood insurance may cover property damage, it typically does not cover lost income due to business interruptions.

Understanding Coverage Options and Cost Factors

When selecting a flood insurance policy, it’s essential to understand the different types of coverage available and the factors that influence the cost of your premium.

Types of Coverage

Actual Cash Value (ACV): This coverage reimburses you for the depreciated value of damaged property. It considers factors like age and wear and tear.
Replacement Cost Coverage: This coverage pays to replace damaged property with new items of similar kind and quality, without considering depreciation.

Factors Affecting Premium Costs of Flood Insurance

Several factors can influence the cost of your flood insurance premium

Flood Zone Designation: Your property’s location within a flood zone will significantly impact your premium.
Property Age and Elevation: Older properties and those located in flood-prone areas may have higher premiums.
Building and Contents Coverage Limits: The amount of coverage you choose will affect your premium.
Deductible: A higher deductible can lower your premium but increases your out-of-pocket costs.
Community Rating System (CRS): Communities that implement flood mitigation measures may qualify for discounts, reducing your premium.

It’s crucial to review your specific policy to understand its coverage limits and exclusions. If you have questions or concerns, consult with your insurance agent. Don’t let flood damage jeopardize your financial security.

Consult with DNS Insurance Broker

Contact DNS Insurance Broker to learn more about your options and protect your Brooklyn property. By understanding the risks of flooding and the importance of flood insurance, you can take steps to protect your property and belongings in Brooklyn, New York.