Flood Insurance

Flood Insurance for Hawaii

Flood Insurance HawaiiMost of us are still unaware that flood damage is not covered by a homeowner’s insurance policy. Others are in denial about the serious flood risks to which they are exposed. When considering whether or not you should purchase a flood insurance policy, take this into consideration:

  • Floods are the nation’s #1 natural disaster.*
  • Anyone can be financially vulnerable to floods. People outside of high-risk areas file over 20% of NFIP (National Flood Insurance Program) claims and receive one-third of disaster assistance for flooding.*
  • In high-risk (SFHAs) areas, conservative estimates show that only one-third to one-half of residents have flood insurance. In these areas there is a 26% chance of flooding over a 30 year period, while there is about only a 10% chance for a fire.*
  • For a number of flood disasters in the past few years, only 10 to 20% of the victims in SFHAs had flood insurance coverage. The remaining 80 to 90% had to rely on taxpayer-funded  Federal disaster assistance, low-interest loans, tax write-offs or savings to help them recover.*

*Information from floodsmart.gov

Flood insurance will protect you in two ways:

  1. Building Coverage: Protects the insured property and its foundation, electrical system, plumbing, air, appliances, permanently attached carpet and other flooring and more.
  2. Contents Coverage: Covers the insured’s clothing, furniture, electronics, window coverings, portable appliances, rugs and more.

To get answers about flood insurance, contact Jack Wolfe Insurance Agency and ask to speak with a flood specialist today. (808) 261-7922