Assurant Flood Insurance Review [2024]
If you are looking for flood coverage, you may want to consider Assurant flood insurance. Assurant offers flood insurance in multiple states in the U.S. Flood insurance with Assurant covers virtually any damage to your home or surrounding structures that is a direct result of a flood. Before you commit to Assurant, be sure to shop around and compare rates for flood insurance from other providers.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
UPDATED: Dec 20, 2023
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Dec 20, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Assurant offers flood insurance through the National Flood Insurance Program (NFIP), private residential coverage, and private commercial coverage
- Assurant flood insurance covers virtually anything on your property that was damaged as a direct result of a flood
- Assurant flood insurance rates will vary based on a number of factors
If you are in the market for flood insurance, you may be interested in Assurant flood insurance options. Assurant insurance is available in several U.S. states and is also available in Canada, Puerto Rico, Peru, Argentina, Brazil, Chile, Colombia, Mexico, and several areas in Europe.
For some people, flood insurance can be an add-on to one of the best home insurance policies in your state. But if Assurant flood insurance is offered in your area, you may want to look into the perks of having Assurant insurance for your coverage.
But you should still shop around for coverage before making any final decisions on home and flood insurance options. Shopping around and comparing quotes online will help you ensure you don’t end up overpaying for flood insurance for your home.
Be sure to use our free quote tool above to find and compare flood insurance companies and options near you today.
What is Assurant flood insurance?
Assurant offers a flood protection and support plan to people in certain states and areas in the U.S. and internationally. Assurant currently offers flood insurance through the National Flood Insurance Program (NFIP) and has done so for over 30 years.
Assurant is currently the second-largest flood insurance carrier in the United States. The company states that climate change, flood reform, and changes to the NFIP over the past few decades have necessitated Assurant’s expansion into the private sector of flood insurance coverage options.
When it comes to flood insurance coverage, Assurant’s flood protection includes options for:
- Public NFIP plans
- Private residential flood plans
- Private commercial flood plans
- Add-ons for flood coverage with home insurance
Depending on what you are looking for when it comes to flood insurance, you may be most interested in an NFIP plan or a private residential flood plan with Assurant.
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What does Assurant flood insurance cover?
In essence, flood insurance will typically cover losses that are a direct result of flooding. This will often be boiled down to whether the excess of water on land that is normally dry affected your home or other property.
Some examples of what flood insurance will cover include:
- Electrical systems
- Plumbing systems
- Furnaces
- Water heaters
- Refrigerators, stoves, and built-in appliances
- Carpeting
- Cabinets, paneling, and bookcases
- Windows and blinds
- Foundation
- Staircases
- Garages (attached and detached)
- Fuel tanks
- Well water tanks and pumps
- Solar equipment
Though a lot can potentially be covered by flood insurance, it matters how these items or pieces of equipment were damaged. For example, your flood insurance will cover sewage backup if the backup was directly caused by flooding. But if your sewer has backed up for another reason, your flood insurance will not help you.
You may find that flood insurance is offered as one of the parts of a home insurance policy. But this will depend on individual companies and levels of coverage.
In order to find a flood insurance plan that works best for you, you should shop around and compare rates and coverage options. Be sure to read the fine print and familiarize yourself with company reviews to see whether an insurance company regularly covers claims without a lot of hassle.
How much is Assurant flood insurance?
Your best bet for knowing how much flood insurance will cost is to get quotes from Assurant and other companies based on your specific information. Because insurance companies base rates on a variety of factors, you’ll never truly know how much you will pay for coverage until you offer the company more information about yourself.
While the average cost for flood insurance in the U.S. is around $700 per year, your actual monthly rates could be impacted by factors such as:
- Whether you live in a flood zone
- How much property is to be covered
- The deductible amount you choose
- The location of your home or building
- The age of your home or building
- Your home or building’s contents
An insurance company will assess your level of risk based on these questions and then ascribe to you a monthly insurance rate. If you believe you should not be paying so much for your flood insurance coverage, you can shop around and compare rates from other companies to see if cheaper flood insurance rates are available.
Does Assurant have good ratings and reviews?
Assurant has an A (excellent) financial strength rating with A.M. Best and a stable outlook for the future. This should help you feel confident that, if you do choose Assurant for your flood insurance needs, the company will be able to help you in the event that you ever need to file a claim.
Flood insurance with Assurant may be a good idea for you and your family, but you won’t know for sure unless you compare rates and coverages with other companies that offer coverage in your area. Be sure to compare quotes to see how much individual companies would plan to charge, and ask questions if there’s anything you don’t understand.
Don’t forget to use our free quote tool below to find and compare rates from top-rated companies that offer flood insurance in your area.
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Frequently Asked Questions
What is Assurant Flood Insurance?
Assurant Flood Insurance is a type of insurance coverage specifically designed to protect homeowners and businesses from losses due to flood-related damages. It provides financial protection for damages caused by flooding, which is not typically covered by standard homeowners or property insurance policies.
What does Assurant Flood Insurance cover?
Assurant Flood Insurance provides coverage for various aspects related to flood damages, including:
- Building Coverage: This covers the structure of the property, including the foundation, walls, roof, electrical and plumbing systems, as well as permanently installed fixtures such as cabinets and flooring.
- Contents Coverage: This covers personal belongings, such as furniture, electronics, appliances, clothing, and other valuable items within the insured property.
- Replacement Cost Coverage: Assurant Flood Insurance offers replacement cost coverage for both the building and contents, meaning that you will be reimbursed for the full cost of repairing or replacing damaged items without depreciation deductions.
Is flood insurance mandatory?
Flood insurance is not typically mandatory for all homeowners or businesses. However, it may be required by mortgage lenders if your property is located in a high-risk flood zone designated by the Federal Emergency Management Agency (FEMA). Even if it’s not mandatory, it’s highly recommended to consider flood insurance, as flooding can occur in any area, not just high-risk zones.
How can I obtain Assurant Flood Insurance?
To obtain Assurant Flood Insurance, follow these general steps:
- Assess Your Flood Risk: Determine the flood risk level for your property by checking FEMA flood maps or consulting with insurance professionals.
- Contact an Insurance Agent: Reach out to an insurance agent or broker who can assist you in obtaining flood insurance coverage. Assurant Flood Insurance may be available through their network of insurance providers.
- Evaluate Coverage Options: Work with your insurance agent to evaluate different coverage options based on your property’s specific needs and your budget.
- Purchase the Policy: Once you have selected the desired coverage, complete the necessary paperwork and payment process to officially purchase Assurant Flood Insurance.
How do I file a claim with Assurant Flood Insurance?
If you need to file a claim with Assurant Flood Insurance, follow these general steps:
- Notify Assurant: Contact Assurant as soon as possible after the flood event. The claims contact information can be found on their website or in your insurance policy documents.
- Document Damages: Take photographs or videos of the flood-related damages to support your claim. Make a detailed inventory of damaged items and their approximate value.
- File the Claim: Complete the necessary claim forms provided by Assurant, providing all required information about the flood event and the damages incurred.
- Claim Evaluation: An adjuster from Assurant Flood Insurance will assess the damages and determine the coverage applicable to your claim.
- Claim Resolution: If the claim is approved, Assurant will work with you to resolve the claim and provide the necessary compensation for repairs or replacements.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.