The flood insurance market has been in a state of flux for years, with a few insurers offering flood insurance, and others offering reinsurance, both of which could be worth considering if you live in an area with high flood risk.
But a few companies, including FirstEnergy and AmeriBank, are offering flood flood insurance.
Here’s what you need to know.
FirstEnergy is offering flood protection for $100 per year.
That’s up from $55 per year a few years ago, but the company is offering it for a flat rate of $40 per year for two years.
(That rate includes flood insurance for properties that don’t qualify for reinsurance.)
The policy also includes flood protection in case of mandatory evacuation.
The policy comes with a $100 deductible and will start in July 2019, so it’s worth a quick look at how the policy compares to other flood insurance options.
The coverage comes with an annual deductible of $1,100, which is pretty steep, especially if you have an older vehicle.
First Energy offers coverage that includes flood-related damages up to $2,400 per casualty, so that could add up over time.
If you’re worried about how much coverage you might get if the flood hits, you might consider buying an auto insurance policy that offers coverage of a similar size.
Ameri Bank offers flood protection at a flat-rate of $55.
This is the most affordable flood insurance available.
The Ameri policy also comes with flood protection up to the $1 million deductible, so there’s no need to worry about extra costs if the property doesn’t qualify.
Americ offers flood insurance at a rate of at least $50 per casualty per year, so if you’re in an urban area and don’t have the money for flood insurance on your end, it’s a no-brainer.
American Bank is offering Flood Insurance in a Flood of Choice.
The company offers a “floating” flood insurance policy, meaning the policy won’t go down in price.
This policy covers all flood damage and is more affordable than the Ameri option, which only covers flood damage up to a certain amount per casualty.
American offers flood coverage at a higher rate than FirstEnergy, so the policy is worth considering for people who don’t want to pay more.
Ameribank offers flood-damage coverage at rates of $60 per casualty and up to 20% of flood damage, so you’ll likely be covering a lot of damage in your area.
First Life is offering $100 flood insurance per casualty for properties up to 100,000 square feet.
That covers flood damages of $2.50 million and up.
The price includes flood damages up for a maximum of 10 years, which includes damage caused by hail and flash floods.
This includes all types of flood damages, including damage from tornadoes, hurricanes, and floods.
If that’s not enough flood coverage, the policy also covers damage from flash flooding, and there’s an optional 10-year coverage option that covers up to 30% of flash damage.
Amerigroup is offering a $20 flood insurance coverage for a $10,000 casualty.
This coverage covers damage to up to 3,000 sq. ft., up to 10% of the property’s value, and is available to properties that are under 100,00 square feet and over 1,000,000.
The insurer will offer flood coverage for the property for a total of $20,000 per casualty in a two-year term, so expect to pay a bit more for this coverage.
If this policy doesn’t appeal to you, Ameri offers flood damage coverage at prices up to 80% of a casualty’s value.
Amerifinance is offering flooding insurance coverage at $55 for a one-time payment of $50.
This plan covers damage up a minimum of $3,000 in a single-family home, $5,000 to a multi-family property, and $10 and up in other flood-prone properties.
The rate is based on a two year term, but you’ll probably be paying a little more than the $50 rate.
If the policy doesn to appeal to your wallet, Amerif Finance offers a $40 flood insurance rate for up to two years, so be sure to look for a rate that is lower than the rate Ameri is offering.
Home Depot is offering insurance coverage up to 15% of your casualty’s cost for a minimum annual payment of up to 60% of total casualty costs.
HomeDepot offers coverage at all costs up to 25% of damage and up 5% of all damages, so this insurance is worth a look for homeowners in areas that are prone to flooding.
Amerisource has flood insurance with a higher deductible, up to 40% of deductible.
The deductible is based around the amount of damage, not on the type of damage.
If your casualty is a business or commercial, Amerisources insurance covers up a maximum deductible