How Much Coverage Can I Purchase

The standard flood insurance policy offers two types of coverage. You can purchase coverage for the building and coverage for your contents. The maximum limit of building coverage available on a regular policy is $250,000. Some homeowners may find that this would not be enough coverage for their home. You may also elect to purchase excess building coverage in the event that your home rebuild cost is greater than the maximum available on a standard policy. The other type of coverage available is contents coverage. The standard policy will offer up to $100,000. Content coverage is also available for excess coverage. Generally, you can purchase up to an additional $100,000 in excess content coverage. The excess policies are designed to pay out after your underlying policy has met its maximum. The underlying policy must be purchased at the maximum in order to qualify to have excess coverage. There are some factors to consider, though, when getting quotes on excess coverage. If the underlying policy is being rated at a grandfathered rate, the excess policy would not be able to. Even without the excess policy being grandfathered in, for built in compliance, the rates are rather reasonable. Have more questions? Call one of our California flood insurance specialists today to discuss all your options and get a free rate quote. Get your quote online today or call 530.923.2930 License 0G13612.