Flood Insurance Maine
A flood insurance policy covers direct physical losses and damage to property caused by flood. A flood is defined as an excess of water on land that is normally dry. When you are thinking about the coverage you need, you will need to determine if your coverage should be personal property or commercial property. Both are defined differently, and the Cole Harrison Insurance Agency can help you in deciding which type of coverage is best—or if you need coverage for both your home and business.
At Cole Harrison Insurance, our team provides reputable coverage for both businesses and individuals based on their particular needs. When it comes to covering your property for flood protection, the National Flood Insurance Program, or NFIP, is able to protect your assets against flooding. Let’s look at what is considered a flood as defined by the NFIP and what is covered under both residential and commercial insurance coverage programs.
Personal Flood Insurance
Personal Flood Insurance through the NFIP covers either building coverage or contents coverage. We write with the National Flood Insurance Program and Private Insurers. Coverage is available up to $250,000 on the building and $100,000 in personal property. Additional limits are available through an excess flood policy.
Commercial Flood Insurance
The General Property Form offered by the NFIP offers commercial policyholders coverage for personal property and building property up to $500,000. Personal property coverage under business insurance also includes portable appliances, furniture, fixtures, machinery, equipment, and other valuable items up to $2,500. In commercial lines, the coverage is available up to $500,000 on the building and $500,000 in business personal property.
Trust Cole Harrison Insurance to provide you with the coverage you need for your home or business!
With both commercial and residential flood insurance coverage from the NFIP, The team at Cole Harrison Insurance can assist you in getting the right coverage for your needs. Call one of our three office locations in the cities of Carrabassett Valley, Kittery, and Kennebunk, Maine, today to request a quote for coverage. From life insurance to property coverage, our reputable independent insurance provider, serving those in Maine and New Hampshire since 1882, can assist!