We're Here to Help
Find answers to your most common questions right here. If you have additional questions about your flood insurance policy, please contact your agent.
We're Here to Help
Find answers to your most common questions right here. If you have additional questions about your flood insurance policy, please contact your agent.
We're Here to Help
Find answers to your most common questions right here. If you have additional questions about your flood insurance policy, please contact your agent.
FAQ
What is flood insurance?
- Flood insurance is a type of property insurance that covers losses and damage caused by flooding. This can include damage to your home and belongings from rising water caused by rain, storm surges, tsunamis, snow melt, and other flood events.
Why do I need flood insurance?
- Flood damage is not typically covered by standard homeowners insurance. If you live in a high-risk flood area, your mortgage lender may require you to have flood insurance. Even in lower-risk areas, where 40% of flood losses occur, flood insurance can provide valuable protection.
How do I get a flood policy?
- MSI works exclusively with selected agency partners. Please contact us via email at Contactflood@msimga.com and we will connect you with a licensed insurance agent to guide you through the process of obtaining a flood insurance policy.
How much does flood insurance cost?
- Flood insurance provides valuable protection for your assets. The cost of flood insurance varies by property characteristics and location. Please contact us at Contactflood@msimga.com and we will connect you with a licensed insurance agent to guide you through the process of evaluating your flooding risk and obtaining a flood insurance policy.
Can I buy flood insurance at any time?
- Yes, you can buy flood insurance at any time. MSI’s flood coverage takes effect a week from the date of purchase, which compares favorably to the National Flood Insurance Program’s 30-day waiting period. However, flood coverage cannot be issued in areas being impacted by current weather events that could result in flooding. As a result, it’s important to buy coverage well before you may need it.
I have an MSI homeowners insurance policy. Are there any discounts available for adding a flood policy?
- Unfortunately, we do not offer bundling discounts for homeowners and flood insurance.
Can I switch from National Flood Insurance Program coverage to private flood insurance?
- Yes, you can switch from an NFIP policy to a private flood insurance policy. Please contact your existing insurance agent or reach out to us at Contactflood@msimga.com for more information and to be connected with a highly qualified agent.
Does my MSI Flood Marketplace policy meet the private flood requirements?
- All products on this website meet the definition of private flood insurance contained in 42 U.S.C. 4012a(b)(7) and the corresponding regulation and do not have any provision that is not in compliance with 42 U.S.C. s. 4012a(b).
Does MSI flood offer coverage for commercial properties?
- MSI Flood offers coverage for commercial properties. Please contact your existing insurance agent or reach out to us at Contactflood@msimga.com for more information and to be connected with a highly qualified agent.
I am an agent. How do I get appointed for MSI Flood?
- We are appointing selected agencies. Please contact us at Contactflood@msimga.com and one of our sales representatives will reach out to you to discuss the appointment process.