Flood Insurance in Charleston SC
Flood insurance for Homeowners Throughout the Lowcountry, Charleston, Mt. Pleasant, Moncks Corner, West Ashley, Goose Creek, North Charleston, SC and Beyond
Despite popular belief, flood damage is not covered under usual property or home dwelling insurance. Floods are becoming increasingly frequent and dangerous throughout the southern states, especially in cities along the coast.
Protecting your home may begin with a basic homeowners insurance policy, but it shouldn’t stop there. Harrell Insurance Agency understands the dangers floods pose to homeowners and work with a variety of insurance carriers to match flood insurance policies with clients.
Is Flood Insurance Required?
In certain areas of South Carolina, flood insurance is legally required. These areas are considered high risk for floods. Make sure to check with your area about whether or not flood insurance is required. Even if flood insurance is not legally mandated for your area, this coverage is crucial for southern states especially. Every year, floods cause thousands of dollars’ worth of damage for homeowners and businesses. Without coverage, you could face paying for repairs out of pocket.
What Does Flood Insurance Cover?
This only covers dangers caused directly by floods. It does not cover sewage issues unless those issues are directly caused by a flood. The same applies to mold. Basic flood insurance policies have limited coverage on valuable items such as furs, art, jewelry and electronics, though you can purchase additional insurance to cover these items.
Find a Flood Insurance Policy Today
The agents at Harrell Insurance Agency work closely with each client to provide comprehensive policies with reliable coverage at a fair price. Call us at 843-572-1500 or request a quote through our website by clicking here for flood insurance.
Frequently Asked Questions
How Many Types of Flood Insurance Are There?
There are two main types of flood insurance: flood insurance through the National Flood Insurance Program (NFIP) and flood insurance through a private insurer.
How Much Flood Insurance Do I Need?
The amount of flood insurance you need depends on the value of the home and belongings you are insuring. Speak with one of our agents today about insuring your valuables.
How Much Flood Insurance Does a Lender Require?
Lenders typically require homeowners insurance to cover either the cost to rebuild your property or to carry the maximum limit of coverage. Through NFIP, the maximum limit is $250,000 on the home and $100,000 on contents.
How Much Does Flood Insurance Cost?
The average cost of flood insurance in South Carolina is around $673 a year (about $56.08 a month), but can range dramatically based on the location of the property.