First Fidelity Brokerage of New York has launched www.insureflood.com for homeowners and businesses to obtain flood insurance, as well as information about flood insurance. The site also has a link to estimate flood damage based on the height of the water and links to the federal program.
Through the site, homeowners can fill out an application online or downloadable, and obtain a quote. The applicant receives terms from several different insurers and programs. After reviewing the quote and the terms, which may vary in price and coverages, the homeowner or businessperson can obtain coverage via the internet. There is no obligation to purchase coverage by filling out the application.
The site is for homeowners and businesses in low and medium-risk areas as well as high risk areas.
For the federal program, www.insureflood.com provides charts showing the cost for premiums to cover various levels of damage and also for personal property with a link to the National Flood Insurance Program to obtain that coverage.
“Many homeowners and businesses erroneously believe their policies cover flood damage,” says Eugene B. Podokshik, principal and CEO, First Fidelity Brokerage. “The site provides information about flood insurance, allows homeowners to calculate what their losses could be and has a link to the government program. Most important, it provides access to get customized quotes and obtain coverage. With the increase in unpredictable weather and damaging storms in recent years, more homeowners and businesses should, at the very least, consider having some level of flood insurance.”