Flood Insurance

Loiselle Insurance recommends to our clients that they purchase flood insurance whether they own or rent a home, even if they live in areas that are at low to moderate risk for flooding.

Many people are unaware that in addition to tropical storms and hurricanes, flooding can be caused by other factors such as heavy rains, melting snow and poor storm drainage.
According to the Federal Emergency Management Agency, 25 percent of all flood claims are the result of events that occur in areas with little or no risk.  

A Loiselle agent can secure a flood policy through the Federal Flood Insurance Program, which provides limited coverage. If more insurance is needed, we will arrange for the coverage through a specialized insurance company that offers what is known as an excess flood insurance policy.

With flood insurance, replacement cost coverage is available for structures. For possessions, only actual cash value is available. Actual cash value is replacement cost coverage minus depreciation, which means that the older your possessions the less you receive if they are damaged. There may also be limits on coverage for items stored in basements.

You can easily purchase flood insurance by contacting Loiselle Insurance at (401) 723-8510.