Not only are you a great agency (Myrtle Beach office) you are friendly, courteous and professional and always there when we need you.
The coasts of South Carolina and North Carolina regularly receive damaging weather such as hurricanes, flash flooding, torrential downpours and more. According to the South Carolina Department of Natural Resources, such storms have caused more than $7 billion in damages over the past 12 years. If you’re asking yourself, do I need flood insurance? —then think of it this way: As a homeowner, are you prepared to shoulder the burden of the high costs associated with flooding?
At John T. Cook & Associates, we have more than 40 years of experience providing homeowners throughout the Carolinas with competent, competitive and caring insurance services, including flood insurance tailored to the needs of coastal residents.
Your homeowners insurance policy specifically excludes coverage for damages resulting from flooding. So if you own a home, then you’ll need to add an additional flood insurance policy. This policy can cover:
Without flood insurance, you’d be left covering these expenses out of pocket.
Do renters need flood insurance? What about flood insurance for condos? Flood policies come with two separate types of coverage: building coverage and contents coverage. If you own your home, then you need building coverage to pay for any damage to the dwelling. You also need contents coverage to pay for any damage done to the items inside your home. As a renter, all you need is contents coverage, as you are not liable for costs associated with the dwelling itself.
For condo owners, the necessary coverage is not always clear. Many condo owners will find that they need both contents and building coverage, while others need contents-only coverage. In these situations, it is best to speak with an agent who can help you identify your risks before you purchase your policy.
If you don’t believe that your home needs flood insurance, we encourage you to reconsider— especially residents of coastal cities such as Myrtle Beach, Garden City, Ocean Isle, Loris and Conway. Every house is located in a flood zone, and approximately 30 percent of flooding occurs in homes categorized in the low- to moderate-risk zones. Even mild flooding that leads to only an inch of water in your home can lead to tens of thousands of dollars in damage. Finally, federal disaster aid is limited.
Whether you are looking for your first flood insurance policy or you have questions about changes to your policy under the Biggert-Waters Reform Act of 2012, reach out to our agents. We are happy to provide you with a free flood insurance quote and talk to you about ways you can make the cost of flood insurance coverage more affordable.