Flood Insurance New York

New York Flood Insurance Policy

Even though flood insurance is relatively inexpensive, most
homeowners do not choose to purchase the insurance protection
available. According to the Federal Insurance Administration, less than
one-quarter of the homes in areas most vulnerable are insured against
flood loss. In those areas, flooding is 24 times more likely to occur than
a fire during the course of a typical 30 year mortgage.

A standard homeowners insurance policy will not cover damages
caused by flooding. You must have flood insurance from an insurer that
writes for the National Flood Insurance Program. If your community
participates in a floodplain management program, you should be eligible
to buy the coverage no matter if your flood risk is low, medium or high.
Residents of "coastal barrier areas" and communities that do not
participate in floodplain management programs may have trouble
finding flood insurance coverage. New York flood insurance is also
available to renters, condominium owners, and co-op owners.

Outside of fire, flooding is the most widespread natural disaster.
According to the National Flood Insurance Program, two adjacent
properties have to be under water to call the situation a flood. In a
rural area, at least 2 acres must be submerged.

The two primary types of New York Flood Insurance Policies are listed below.

The value of property as figured by determining the cost to replace the damaged or destroyed
property and adjusting the replacement value by subtracting an amount that reflects
depreciation. Or in other words, replacement cost minus depreciation. Homeowners are
entitled to a replacement cost value if they live in their homes at least 80% of the time and
have flood insurance coverage for at least 80% of their home's market value.

Commercial and apartment buildings will be covered only for actual cash value.

Replacement Value Policy

The amount it costs to replace or rebuild a damaged property. Replacement cost coverage is
available only for the building portion of a condominium insurance policy. Owners of single-
family homes may be able to buy replacement cost coverage on the building portions of their
flood insurance policies. A New York flood insurance replacement value policy will pay only the
replacement value up to the coverage limit. For example, if rebuilding your home will cost
$400,000, but you only purchased $300,000 in coverage, your insurance policy will pay you
only $300,000.

Click on the link below to fill out a secure quote request form for a New York Flood Insurance
policy that will provide excellent personal insurance coverage at an affordable cost. Or you
can speak with our New York Flood Insurance specialist at (845) 426-0868 to discuss the
features.

We are your local Rockland County, NY insurance agency, offering affordable New York flood insurance
policy premiums to residents located in the following cities and counties: Spring Valley, Congers,
Nyack, Palisades, Sparkill, Tappan, Orangeburg, Pearl River, West Nyack, New City, Blauvelt,
Nauraushaun, Nanuet, Chestnut Ridge, Montebello, Suffern, Monsey, Piermont, Rockland Lake,
Wesley Hills, New Hempstead, Pomona, Sloatsburg, Tuxedo Park, Southfields, Ramapo, Hilburn,
Greenwood Lake, Warwick, Bellvale, Wickham Village, Monroe, Harriman, Chester, Goshen, New
Hampton, Highland Mills, Willow Grove, Mt. Ivy, Thiells, Tomkins Cove, Ladentown, Haverstraw, Stony
Point, Tomkins Cove, West Haverstraw, Bear Mountain, Jones Point, West Point, Cornwall-on-Hudson,
Mountainville, Salisbury Mills, Craigsville, Washingtonville, Newburgh, New York City, Middletown,
Poughkeepsie, Port Chester, Harrison, Mamaroneck, Larchmont, New Rochelle, Yonkers, White
Plains, Rye Brook, Scarsdale, Rye, Ardsley, Eastchester, Pelham, Greenville, Hartsdale, Bronxville,
Tuckahoe, Mt. Vernon, Bronx, Irvington, Glenville, Valhalla, Elmsford, Dobbs Ferry, Hastings-on-
Hudson, Greenburgh, Tarrytown, Sleepy Hollow, Hawthorne, Scarborough, Thornwood, Briarcliff Manor,
Ossining, Harmon, Montrose, Crugers, Buchanan, Peekskill, Millwood, Pleasantville, Armonk,
Chappaqua, North Castle, Mt. Kisco, Bedford, Pound Ridge, Bedford Hills, Cross River, South Salem,
Yorktown Heights, Goldens Bridge, Amawalk, Yorktown, Katonah, Salem Center, Somers, North
Salem, Croton Falls, Jefferson Valley, Shrub Oak, Putnam County, Orange County, Dutchess County,
Ulster County, Sullivan County, and Westchester County, NY.

Flood Perils Include:

Unusual & rapid accumulation of runoff or surface
waters from any source

Overflow of inland or tidal waters

Mud slides caused by flooding

The washing away, collapse, or subsiding of land along
the shoreline due to erosion or undermining of waves or
currents exceeding the cyclical levels

Sewer backup caused by flooding

**The information, pictures, and other content in this website about particular insurance services is
only provided for informational purposes. Any decisions regarding your insurance needs should be
discussed with a licensed insurance agent.

Edouard Insurance Agency, Inc.

70 South Main Street

Spring Valley, New York 10977

Rockland County, NY

(845) 426-0868

Toll Free: 1-800-776-0585

Fax: (845) 426-0632

Working to insure and

protect you since 1987!

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Actual Cash Value Policy

New York Flood Insurance Services