In North Carolina, your basic flood policy might not be enough.
Here on the North Carolina coastline, a hurricane or flood is an ever-present threat. You may not be able to prevent damage, but you can protect yourself against the financial consequences of a natural disaster. Excess flood insurance provides coverage with higher insurance limits than your basic or standard flood policy.
Whether you have flood insurance through the NFIP or a private carrier, the limits may not be enough to cover rebuilding your home. The NFIP only covers up to $250,000 worth of rebuilding or repairs to your home and property, and it covers up to $100,000 worth of your home’s contents. If your home and its contents are worth more than those limits, you need – and may actually be required to purchase – excess flood coverage from a private carrier. Coastline Insurance Associates can assist you with determining the excess flood insurance limits you need.