Flood Insurance

Flood Insurance

Floods are the most common and costly natural disaster, causing billions in damages every year. Don't wait until it's too late. Hailey Insurance offers comprehensive flood insurance to safeguard your property and give you peace of mind. Most flood insurance is provided by the Federal government through the National Flood Insurance Program (NFIP), administered by FEMA. This is often the only option for protection against "rising water." You can purchase flood insurance through us, as we are an insurance agent participating in the NFIP. You cannot buy it directly from the National Flood Insurance Program (NFIP). NFIP flood insurance rates do not differ from company to company or agent to agent. All policy premiums include certain fees and surcharges, so ask your agent about these when discussing a price quote.

Why You Need Flood Insurance

  • Floods are Costly: Recovering from just one inch of water can cost upwards of $27,000.
  • Standard Policies Don't Cover Floods: Homeowners and renters insurance typically exclude flood damage.
  • Floods Can Happen Anywhere: Natural disasters can happen at the drop of a drime and flooding can occur outside outside of high-risk flood zones.
  • Federal Disaster Aid Isn't Enough: Flood insurance often provides more recovery funds than FEMA or SBA loans, and you don't have to pay it back.
  • May Be Required: If you have a federally regulated or insured mortgage and live in a high-risk area, flood insurance is mandatory.
Workers Compensation Liability Insurance

What Flood Insurance Covers

Your policy covers direct physical losses caused by flooding. The cause of flooding matters. Damage caused by a sewer backup is only covered by flood insurance if it's a direct result of flooding.

Building Coverage

  • The insured building and its foundation
  • Electrical and plumbing systems
  • Central air-conditioning equipment, furnaces, and water heaters
  • Refrigerators, cooking stoves, and built-in appliances such as dishwashers
  • Permanently installed carpeting over unfinished flooring
  • Permanently installed paneling, wallboard, bookcases, and cabinets
  • Window blinds
  • Detached garages
  • Debris removal

Contents Coverage

  • Personal belongings such as clothing, furniture and electronic equipment
  • Curtains
  • Portable and window air-conditioners
  • Portable microwave ovens and portable dishwashers
  • Carpets that are not included in building coverage
  • Clothing washers and dryers
  • Food freezers and the food in them
  • Certain valuable items such as original artwork and furs (up to $2,500)

Note: Contents and Building coverage are purchased separately, and each has its own deductible.

Workers Compensation Liability Insurance

Factors Affecting Your Flood Insurance Premium

  • Year of building construction
  • Building occupancy
  • Number of floors
  • Location of its contents
  • Flood risk (e.g., flood zone)
  • Location of the lowest floor in relation to the Base Flood Elevation on the flood map
  • Deductible and amount of building and contents coverage
  • Community Rating System (CRS) Discounts

Flood Zones

The proximity of your property to a flood zone will influence the costs and availability of flood insurance plans. Knowing the flood zone of your property will give you a good idea of what to expect but be aware that flooding can happen anywhere. 

For property located in Flood zones A/AE, V/VE, flood insurance is typically required. Premiums are based on the lowest-floor elevation of the building. For Low to Moderate Risk Zones, B, C, & X, you’re options are more flexibility and the preferred risk flood insurance is typically available at a lower premium.

Regardless of your property's flood zone or flood history, flood insurance is highly recommended for every property.

Additionally, an Elevation Certificate (EC) verifies your building's elevation compared to the estimated height floodwaters will reach in a major flood. It may help reduce your flood insurance premium.

Workers Compensation Liability Insurance

30-Day Waiting Period

Dont wait around for a natural distaster or you could be in real trouble. When it comes to flood insurance, there's typically a 30-day waiting period from the date of purchase until your policy goes into effect.

Exceptions include:

  • If the building is newly designated in the high-risk Special Flood Hazard Area (SFHA) and you purchase flood insurance coverage for it within the 13-month period following a map revision, there is a 1-day waiting period.
  • If you purchase flood insurance in connection with making, increasing, extending, or renewing your mortgage loan, there is no waiting period.
  • If you select additional insurance as an option on your insurance policy renewal bill, there is no waiting period.
  • If a property is affected by flooding on burned federal land and the policy is purchased within 60 days of the fire-containment date, there may be no waiting period. Waiving of the waiting period is determined at the time of claim.

Why Choose Hailey Insurance for Your Umbrella Policy?

We Prioritize Your Financial Security

By collaborating with carriers rated A (Superior) or higher by A.M. Best, ensuring prompt and fair claim handling. With comprehensive protection that covers everything from property damage to liability issues and catastrophic incidents, Hailey Insurance provides the peace of mind you need to focus on growing your business. Choose us for a reliable, tailored insurance experience that puts your needs first.

We Offer Affordable Solutions

Because we believe that quality insurance shouldn’t break the bank. Our programs feature various premium discounts based on your business’s unique characteristics, such as your Workers’ Compensation history and the age of your building. This approach helps you save money while staying protected.

Don't Wait Until It's Too Late – Get a Quote Today!

Contact Hailey Insurance today to discuss your flood insurance needs and get a personalized quote. Protect your property, your finances, and your future.

Reach out to us today at (225) 296-0858 to discover how Hailey Insurance can provide the protection you need and the peace of mind you deserve!

Contact Us Now

"Can not say enough good things about this company! You can tell they really care about their clients. They really took the time to make sure that all of our needs were met and are always happy to answer my many questions. Their response time is also unbeatable."

- Megan Mackay
Omni Physical Therapy, Baton Rouge, Louisiana

Check Out What Our Other Clients Have to Say Here!