Flood Insurance in Alabama

While properties located along the coastline are at a high risk of flood damage, homes and businesses situated outside flood zones aren't 100% safe either. Flash floods are common in Alabama, meaning that no one is safe from floods. Unfortunately, your typical home or commercial insurance policy doesn't cover the damage when floods strike. So, what should I do? You should invest in flood insurance from Baldo-Downs Insurance LLC of Tuscaloosa, AL, to protect you from the wrath of floods.

Is flood insurance mandatory in Alabama?

No Alabama law requires homeowners to invest in flood insurance. However, if a mortgage finances your home, the lender may insist you purchase flood insurance if your property is in a flood-risk area. Besides, your lender may still require you to invest in flood insurance even when your property is located outside a flood zone.

What does flood insurance cover?

If you purchase flood insurance from the National Flood Insurance Program (NFIP), you get dwelling coverage of up to $250,000 and personal contents coverage up to $100,000. However, you can get higher coverage if you opt for private carriers.

The dwelling flood insurance plan covers the following:

  • Your home's foundation
  • Electrical and plumbing system
  • Debris removal
  • Window blinds
  • Permanently installed carpets, cabinets, and paneling
  • HVAC system

The personal contents policy covers your personal property, including:

  • Personal items like clothing, electronics, and furniture
  • Curtains
  • Carpets not covered by the dwelling policy
  • Microwaves not installed permanently

Most homeowners don't invest in flood insurance because they think the government will bail them out when floods occur. Regrettably, floods aren't always declared a national disaster in most cases. And even if they are declared a disaster, you will be given a grant that you must pay back with interest.

Flood insurance in Tuscaloosa, AL

Do you have more questions about flood insurance? Want to purchase flood insurance? If your answer is yes to all or one of the questions, don't hesitate to contact Baldo-Downs Insurance LLC for all your flood insurance needs.