Flood Insurance in Mount Pleasant, SC
Standard homeowners, commercial or renters insurance policies typically don’t include coverage for losses caused by floods. It is essential to understand your flood risk and what insurance options are available to protect your property to mitigate the financial damage these events may cause.
The knowledgeable team at Blue Granite Insurance in Mount Pleasant, South Carolina, can help you secure the necessary insurance. Reach out to us today to get started.
How Is Flood Insurance Different From Homeowners Insurance?
While standard policies may help pay for costs associated with some types of water damage (e.g., damage from burst pipes), they typically don’t cover losses due to flooding from rain or rising water. A flood insurance policy can help you fill this gap and receive financial protection for these situations.
Does South Carolina Require Flood Insurance?
Flood insurance in South Carolina isn’t required by South Carolina state law. However, it’s a federal law that federally regulated or insured lenders require flood insurance for all buildings in a Special Flood Hazard Area (SFHA) with federally backed loans. For properties in low- to moderate-risk areas, insurance is generally not required by law. However, individuals should still consider obtaining coverage as it can provide vital financial assistance after a covered flooding event.
How Much Flood Insurance Should I get?
Each individual’s and business’s insurance needs vary. Where you are located and the value and type of property you are insuring will impact the amount of coverage you should consider. Your insurance agent will review the best options available for your specific needs.
Available flood coverages may include the following:
- Building coverage—This may help pay for repairing or replacing your building’s structure and its permanent fixtures.
- Contents Coverage—This may help pay repair or replacement costs if the movable items inside the structure (e.g., furniture, clothing and electronics) are damaged.
How to Get Flood Insurance
The agents at Blue Granite Insurance can help you learn more about flood insurance options (e.g., a National Flood Insurance Program, or NFIP, plan or a private plan from a carrier unaffiliated with the NFIP). We can discuss and policy exclusions, limits and pricing.
Contact us today for more information or a quote. We are ready to help you obtain a flood policy that best suits your needs.