Flood Insurance

In South Carolina, flood hazards occur due to the effects of hurricanes, thunderstorms, seasonal rains, and other weather-related conditions. The low-lying topography, combined with a humid subtropical climate, makes South Carolina highly vulnerable to inland flooding. Coastal flooding is also a problem and is usually the result of a severe weather system- such as a hurricane or tropical storm.

Typical homeowner’s insurance does not cover flood damage, yet flooding is ranked the #1 natural hazard in the U.S., occurring in and causing damages in all 50 states.

Even a few inches of water can cause serious damage resulting in thousands of dollars in repair and restoration costs if you do not have flood insurance. Charleston, SC residents know all too well how damaging floods can be.

Flood insurance offers protection against losses that result from heavy and lengthy rain falls, storm surges, blocked storm drainage systems, etc.—allowing you to proactively safeguard your home and possessions.

Depending on your property’s location and flood history, there are different policies available for flood insurance. Charleston, SC residents can typically choose from the following:

Standard Flood Insurance Policies

If you live in a community that participates in the National Flood Insurance Program (NFIP), your building and its contents can be covered by standard flood insurance. Charleston, SC residents should be aware that the NFIP was established by the Federal Government to help communities who “voluntarily participate in the NFIP by adopting and enforcing floodplain management ordinances to reduce future flood damage.” To be considered a flood, the waters must cover at least two acres or affect at least two properties. You must apply for building coverage and contents coverage separately if you choose to invest in a standard flood insurance policy.

Preferred Risk Flood Insurance Policies

If your home or business is in a low or moderate risk zone, your building may qualify for a low-cost preferred risk policy. While you aren’t required to purchase flood insurance, Charleston, SC residents in low-to-moderate risk areas, should consider a preferred risk policy which will protect your home and its contents if you are affected by a small flood or a larger flood that has extended into your low-risk area. In truth, many flood insurance claims occur in low-to-moderate risk areas.

There’s no reason why you should place your home and livelihood at risk. Contact Schirmer Insurance Group, LLC today; we’ll get you on the path to superior flood protection with an affordable and comprehensive flood insurance policy.