Flood Insurance in Littleton, CO
Floods pose a serious threat to property and standard insurance may not cover the damage they cause. A flood insurance policy can offer financial protection against these events.
The experienced team at Nick Hammer Agency in Denver, Colorado, can help you secure the flood insurance policy that best suits your needs. Reach out to us for more information.
How Flood Insurance Works
Flood insurance functions similarly to other insurance policies in that an insurer agrees to provide financial assistance after a covered event in exchange for a premium. Policyholders can work through the claims process in order to receive this aid.
How Much Flood Insurance Do I Need?
The several types of flood insurance policies available include flood insurance for renters, commercial flood insurance, homeowners flood insurance and excess flood insurance. Flood insurance needs vary and depend on several factors such as the location’s flood risk, the value of the property being insured and if your lender requires it.
Depending on your location, you may also be eligible to purchase a National Flood Insurance Program (NFIP) plan. These flood insurance policies are backed by the federal government and can be purchased through private insurers or the NFIP Direct website.
What Does Flood Insurance Cover?
A flood insurance policy can help fill in the coverage gap left by standard policies which often do not cover losses caused by floods. Individuals and businesses can secure flood insurance with the following coverages:
- Building coverage—This may help pay expenses if a building’s structure or its permanent fixtures are damaged or destroyed by a covered flooding event.
- Contents coverage—This may cover the movable items inside of a building (e.g., furniture, clothing and electronics) if a covered flooding event damages them.
Other coverages (e.g., debris removal) may also be available. Speak with your agent to discuss options, exclusions and limits.
How Much Does Flood Insurance Cost?
The cost of flood insurance depends on multiple factors, such as if you’re located in a flood zone, the value of your property and its age. Reach out to our agents for a flood insurance quote.
The Nick Hammer Agency professionals are ready to help you get the flood insurance that best suits your needs. Contact us today to get started.