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Aloha Flood Services can insure your flood risks all across America, including Alaska and Hawaii!

Home and Condo Owners, Business Owners and Commercial Property policies do NOT cover flooding. Flood insurance is available to home and condo owners, business owners and renters. Home and condo owners, business owners and renters may purchase flood insurance for both a building and its contents.

Flood Alert

Historically, flooding has brought damage and destruction to communities across the United States. In order to help alleviate the financial devastation caused by flooding, Congress created the National Flood Insurance Program (NFIP) in 1968. The NFIP, managed by the Federal Emergency Management Agency (FEMA), enables homeowners, business owners and renters in participating communities to purchase federally backed flood insurance.

FLOOD INSURANCE BASICS

» Why You Need Flood Insurance
» Flood Insurance 101
» What is a Flood?
» The Two Types of Flood Insurance
» Is Flood Insurance Required?
» Flood Insurance Waiting Period
» What Is and Is Not Covered?
» Choosing a Deductible
» 3 Important Facts About Flood Insurance
» How is Flood Damage Valued?
» What is Increased Cost of Compliance (ICC) Coverage?
» Saving on Flood Insurance
» Common Flood Insurance Misconceptions
» Hurricanes and Inland Flooding
» FEMA Flood Insurance Claims Handbook

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Go Click here to request a flood insurance quote from an Aloha Insurance Flood Specialist

FAST FLOOD FACTS

  • Floods and flash floods happen in all 50 states.
  • Everyone lives in a flood zone. (For more information, visit our Flood Zones FAQs.)
  • Most homeowners insurance does not cover flood damage.
  • If you live in a Special Flood Hazard Area (SFHA) or high-risk area and have a Federally backed mortgage, your mortgage lender requires you to have flood insurance. (To find your flood risk, fill out the Flood Risk Profile to the left.)
  • Just an inch of water can cause costly damage to your property.
  • Flash floods often bring walls of water 10 to 20 feet high.
  • A car can easily be carried away by just two feet of floodwater.
  • Hurricanes, winter storms and snowmelt are common (but often overlooked) causes of flooding.
  • New land development can increase flood risk, especially if the construction changes natural runoff paths.
  • Federal disaster assistance is usually a loan that must be paid back with interest. For a $50,000 loan at 4% interest, your monthly payment would be around $240 a month ($2,880 a year) for 30 years. Compare that to a $100,000 flood insurance premium, which is about $400 a year ($33 a month).
  • If you live in a low-to-moderate risk area and are eligible for the Preferred Risk Policy, your flood insurance premium may be as low as $119 a year, including coverage for your property's contents.
  • You are eligible to purchase flood insurance as long as your community participates in the National Flood Insurance Program. Check the Community Status Book to see if your community is already an NFIP partner.
  • It takes 30 days after purchase for a policy to take effect, so it's important to buy insurance before the floodwaters start to rise.
  • Your home has a 26% chance of being damaged by a flood during the course of a 30-year mortgage, compared to a 9% chance of fire.
  • Last year, one-third of all claims paid by the NFIP were for policies in low-risk communities.
  • The average annual U.S. flood losses in the past 10 years (1994-2004) were more than $2.4 billion.
  • When your community participates in the Community Rating System (CRS), you can qualify for an insurance premium discount of up to 45%. Read more about CRS Ratings.
  • The NFIP awarded over $16 billion in flood claims in 2005.
  • Since 1978, the NFIP has paid $31.4 billion for flood insurance claims and related costs (as of 3/31/06).
  • Over 5 million people currently hold flood insurance policies in more than 20,200 communities across the U.S.
  • A Glossary of Flood Insurance Terms can be found here. Flood Insurance Glossary of Terms.
Portions courtesy of and © Insurance Information Institute (www.iii.org) Copyright © 2001-2013 Aloha Insurance Services, Inc. Kona HI All rights reserved.
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75-5931 Walua Road
Kailua Kona, HI 96740
Phone: 808-334-0044
Fax: 808-334-0115
Toll Free: 800-483-0333
  In Hilo...
165 Keawe Street #102
Hilo, HI 96720
Phone: 808-966-5000
Fax: 808-334.0115
  In Lahaina...
PO Box 10433
Lahaina, HI 96761
Phone: 808-283-4845
Fax: 808-334-0115
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