Discover what makes our flood insurance clients smile so big.
Flood insurance can protect you against financial losses due to flooding events. Only problem is, most people don’t get enough flood insurance to cover their homes or businesses.
Is your home, business or property located in a flood zone? Are on the board of a condo association that requires a master flood insurance policy? As experienced consultants in the field of flood insurance, Yep Insurance has written thousands of insurance policies for our esteemed clients. We pride ourselves in offering simple, reliable and affordable flood insurance policies designed to give you peace of mind and confidence.
With Yep Insurance on your side, you don’t have to worry about potential flood risks for your property or business. Contact us today for a flood insurance policy near you.
Flooding can also be caused by man-made reasons -- such as land development, break-in piping infrastructure or dam bursts. According to government laws, if you’re located in a high-risk flood zone it is mandatory to have either a NFIP or a private flood insurance policy. The good news is that you can purchase flood insurance at any time. Contact us for an instant, no-obligation free flood insurance quote today.
Floods are America’s most common and expensive disasters.
Natural disasters occur without warning and every property is vulnerable to flooding -- even if it is outside high-risk flood zones. More than 70% of the total claims received by the NFIP (National Flood Insurance Program) were from moderate to low risk flood zones.
That’s why it’s very important to get flood property insurance to protect the life that you’ve built over many years – even if your home is situated in a low-risk zone.
Flooding can be caused by a number of reasons, including:
1. Overflow of inland water from leaks and rivers.
2. Mud flows due to heavy rainfall or surface run-off.
3. Collapse of land near waterfronts due to waves, tides and so on.
With Yep Insurance on your side, you don’t have to worry about potential flood risks for your property or business. Contact us today for a flood insurance policy near you.
In the event of a hurricane, you may end up paying thousands of dollars in out-of-pocket expenses. The prime time for thunderstorms, hurricanes and storm surges is usually between June and November (when the maximum flood damage occurs).
Why wait until the last minute while waiting for disaster to strike? NFIP policies have a 30-day waiting period before the policy kicks in. We can offer shorter waiting periods before your policy is active. 0-day wait for loan closings and as low as 10-day wait for new flood policies. In some cases we can provide coverage as much as 30 days back. Contact Yep Insurance today for information on coverage limits, premium rates and options.
Homeowner’s insurance or renter’s policies do not cover any damage caused due to flooding. Your condo association policy for property coverage will exclude protection for flood insurance too. This is specifically mentioned in the exclusions. You’ll need to purchase flood insurance separately either from NFIP or from a private insurance provider.
If you live near water (or away from flood risk zones for that matter) and haven’t purchased insurance, you’re taking a big risk. It’s especially risky if your property is worth more than $250,000 -- which is the maximum amount that you can cover under NFIP policies. Don’t forget to include contents coverage for valuable items, such as jewelry or art.
Be prepared for unexpected flooding disasters and don’t let the devastation affect your finances. Get your personal property insured at the earliest – it’s a worthwhile investment in your peace of mind and well-being.
If you’re considering insuring your home or business, call Yep Insurance for a hassle-free, instant flood insurance quote. Our customer-friendly team can provide detailed information on contents coverage and flood insurance rating maps.
Also keep in mind that in the event of a flooding disaster, federal disaster assistance (low-interest loans provided by the government to recover from disasters) may be limited or even unavailable at times. Federal disaster assistance is only provided if the President declares the event as an emergency.
It’s not necessary to experience a full-fledged flooding for problems to occur. Even a few inches of water inside your home or property can cause extensive damage and cost you thousands of dollars in repairs and debris cleanup.
Every hard-earned dollar is valuable. Private flood insurance is a useful alternative to NFIP policies. Commercial and domestic clients are free to purchase flood insurance from private providers to meet mandatory federal requirements. If you’re not satisfied with the premium rates or coverage limits offered by NFIP, you can always opt for private market flood insurance.
Yep Insurance offers a range of flood insurance policies for every client. Whether you are a business or home owner or a renter, we have the right building coverage for your requirement. Contact us for an online flood insurance quote and take advantage of our competitive premium rates.
Our client's best interests are at the heart of everything we do here at Yep Insurance.
We always have someone to answer the phone around the clock. You can access our instant flood insurance quotes here online 24/7 365 days a year.
We guarantee the lowest-rates for one simple reason, we have more carriers than anywhere else online and our brokers are the best in the industry.
When it comes to protecting your most valuable assets it's important to know you have someone who can tailor a custom flood insurance plan that perfectly fits your budget without compromising the protection against financial loss that result from flooding.
We are known throughout all the country for our exceptional flood insurance knowledge and services. We are loved by countless real estate agents, mortgage brokers, and even other insurance agents who know just how critical it is to work with a specialist when it comes to flood insurance.
Flood insurance can be extremely stressful if you don't have the right resources. The good news is, you have everything you need right in front of you here. We make getting quotes easier than anywhere else online and we take the headache and sting out of flood insurance for you.
We support the entire US including Hawaii and Alaska. No matter what kind of property you have we will have the best solution. We take the time to educate our referral partners and clients so they can approach buying flood insurance with confidence.
Each flood insurance policy we build is tailored to the client whether it be a house, a hotel, a restaurant or any other type of property we have a wide variety of options.
First, we need to make sure that if the main structure is damaged from flood waters that the insurance policy will pay out enough to rebuild the structure back the way it was.
Loss of income for businesses affected by flooding often causes them to go out of business. We have coverage to restore the lost income.
All of the contents inside of a property can easily be damaged or ruined by flood waters. We have options to provide full replacement cost of contents.
Many people don't realize their additional structures aren't covered. We have affordable solutions to make sure they are completely restored after a flood.
Unfortunately, many people learn what flood insurance does not cover the hard way. For example, most property owners who have a policy through the NFIP (95% of America) are unaware that they don't have coverage for contents in the basement. Where does water go? That's right, in the basement. $100K of contents coverage doesn't mean anything if the damaged contents are in the basement. To top that off, NFIP policies and even some private flood policies, only cover Actual Cash Value (ACV) for your contents. This means you only get paid the value of the item at the time of loss not what it would actually cost to buy a new one. Bummer! This reduces what is actually paid out significantly and makes it difficult to actually replace your damaged contents. Even if your policy says you have $100K you only get paid for what was lost at ACV. At Yep Insurance we have solutions that will pay out full Replacement Cost Value (RCV) on contents. Call us to learn more about better content coverage.
The government and federal law ultimately determines if a property owner is going to be required to buy flood insurance. FEMA has developed flood zone mapping known as the Flood Insurance Rate Map (FIRM) which is used to determine each specific designated flood-zone. The FIRM is updated from time to time. Pursuant to federal law, federal or federally insured lenders require a property owner with a property located in a high-risk flood-zone to purchase flood insurance. The National Flood Insurance Program (NFIP) only offers up to $250,000 of coverage on a residential structure and $500,000 of coverage on a commercial structure which is the max that the lender is allowed to require to satisfy the lending terms required by federal law. Our private carriers will offer coverage up to $10,000,000 for property owners who want to fully insure. If your property is outside of a high-risk flood-zone it will ultimately be up to you to voluntarily buy flood insurance. In low-risk flood-zones it is usually very inexpensive and we will always recommend any property owner to fully protect their most valuable assets against flooding disasters.
With more than a dozen private flood insurance carriers and the National Flood Insurance Program to potentially choose from it comes down to the unique characteristics of the property and which carriers have an appetite for the risk. The best carrier will offer the most coverage for the least amount of premium. The only way to determine this is to quote all of the carriers like we do at Yep Insurance where we guarantee the lowest rates and best coverage.
Many of our private flood insurance carriers do not require an elevation certificate. Some do. Regardless of whether you have an Elevation Certificate or not, it is always best to first determine if there is a lower cost private carrier who will accept the risk for your property (we do that for you). In many cases you can avoid the costs of having to get an Elevation Certificate ($400-$1,500). If you are forced to buy a flood policy through the NFIP because you are not eligible for a private carrier we can help you make sure your NFIP policy is rated correctly. Unfortunately, there are many brokers writing flood insurance who are not very experienced with flood insurance and rarely do it correctly. Everyday we are untangling errors for new client's switching over to us from a previous broker.
It might seem obvious that flood insurance covers damages caused by flooding, however it's important to understand how the flood insurance policy in question "defines" a flood first. NFIP policies define a flood as: "A general and temporary condition where 2 or more acres of normally dry land or 2 or more properties are inundated by water or mudflow". The pipe burst in the wall or your overflowing toilet will not be considered a "flood" in this case. Once we meet the definition of a flood the type/amount of coverages and conditions of the policy will determine what benefits are paid out and covered. NFIP policies are typically more limited than private flood insurance. The coverages we have available are: building coverage, contents coverage, other structure coverage, loss-of-use, business interrtuption (loss-of-income), debris removal, mitigation improvement after loss etc...
Unless you have an FHA loan, your will lender will be required to accept private flood insurance by federal law. We have worked with every major lender and hundreds of others. It's common to hear lenders who question if they will be able to accept private flood insurance and we will kindly educate them about the federal regulations. As of November 2020 there is a new proposal that could require FHA loans to also accept private flood insurance. In all fairness the private flood insurance carriers offer better coverage and are backed by some of the strongest financial entities in the world who have been insuring the world's risks for hundreds of years. Rest assured, your lender will accept private flood insurance. We are more than happy to communicate with your lender to make it easier for our clients.
Since 2010 we have been relentlessly chipping away at America's flood insurance problems one property owner at at time.
