Your Safety Raft in a Storm: Louisiana Flood Insurance
In South Louisiana, flood insurance is not an optional luxury—it is fundamental protection. Standard homeowners policies explicitly exclude damage from rising water, flash floods, tropical storm runoff, and levee overflow.
Did You Know? Over 25% of all flood insurance claims occur in moderate-to-low risk flood zones (such as Zone X). Just one inch of floodwater can cause over $25,000 in damage to a home.
FEMA NFIP vs. Private Flood Insurance
At The Premiere Metro Group, we write both federal and private flood insurance options:
- FEMA NFIP Policies: Up to $250,000 for residential building property and up to $100,000 for contents. Backed by the federal government and available in all participating communities.
- Private Market Flood Insurance: Higher coverage limits (over $1M), optional basement/pool coverage, shorter waiting periods (often 10–14 days vs 30 days for NFIP), and competitive pricing.
- Commercial Flood Insurance: Building and inventory protection for business properties up to $500,000+ through NFIP and excess private carriers.
30-Day Waiting Period Rule
NFIP flood policies have a mandatory 30-day waiting period from the date of purchase before coverage takes effect (except during home loan closings). Do not wait until a tropical storm enters the Gulf of Mexico—secure your policy today.