Flood Insurance
I recently got a newsletter along with my water and utility bill and found this information very important.
Losses due to flooding are not covered under homeowners insurance. Residents of Collier County and the City of Naples can, however protect their homes, businesses and contents thrugh the NFIP.
If a property is located within a Special Flood Hazard Area, the owner is required to purchase flood insurance if receiving any form of federal or federally related financial assistance. If you currently have flood insurance, contact your insurance agent to make sure your coverage is adequate and up to date.
The following limits of insurance are available through the National Flood Insurance Program. On buildings, upto $250,000 for residential and $500,000 for commercial. On the contents, $100,000 for residential and $500,000 for commericial.
Source: Collier County Flood Protection News, November 2006