Flood Insurance

Floods cause all kinds of damages; erosion, structural integrity compromises and property destruction among them. These damages can result from floods that occur as a result of storms, overflows and a variety of other things. In any case, even the slightest flooding can result in high costs. Insurance is a way of reducing and even eliminating these costs and keeping individuals and businesses secure in the event of floods. At Rankin & Rankin we work with the provisions of the National Flood Insurance Program (NFIP) to deliver optimal, customized flood insurance plans. We have our own flood insurance program and we adapt this program to individual clients’ needs to provide the greatest protection for the best price.

Extended and Specialized Coverages tailored to you

Flood insurance coverages are generally for structures and property and the limits for these coverages are set, in most cases, by the federal government. Special coverages are available, but in most cases the options provided by the NFIP are what insured parties and insurers can work with. Common flood insurance policies include General Property, Residential Condominium Building Association and Standard Dwelling. These can be purchased as standalone policies or in combinations.

Flood insurance covers many things, including
  • Personal items (clothes, electronics, furniture, etc.)
  • Non-drywall walls or ceilings
  • Carpeting
  • Paneling
  • Bookcases and built-in units
  • Window treatments

The limits of flood coverages cannot be exceeded, but we can help you find the right limits for your needs. Often, we can combine flood coverage with other insurance policies so that whatever is not covered by flood insurance is still protected.

Another thing to consider is reimbursement value. Replacement cost value (RCV) and actual cash value (ACV) are the two reimbursement options you have. We can help you take advantage of RCV whenever possible.


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