Phone Number: 800-627-0000
Address: P.O.Box 15707, St. Petersburg, FL 33733
According to FEMA.gov, Bankers Insurance Group, DBA: First Community Insurance Company, has a license to offer flood insurance in the states of Texas, North Carolina, and Florida as well as South Carolina. The company offers two packages of flood insurance; standard and preferred. The type of policy a customer buys depends on the place he or she resides. If you have a property in areas considered as low risk, you may qualify for a Preferred Risk Policy, thus making you eligible for cover at a cheap rate. The rates for low-risk policies start as low as $ 199.
What Is Primarily Covered by the Bankers Insurance Group, DBA: First Community Insurance Company Flood Insurance Policy?
You can cover buildings for up to $ 250,000. The cover pays you for the repairs on the insured building and its foundation, air conditioning system, stove and water heaters as well as plumbing and electrical systems.
You can also insure contents for up to $ 100,000. However, the contents are only covered by the policy if you request the company to do so. The policy covers things such as your personal belongings, electronic equipment, clothing and removable appliances such as washers and dryers. The policy may have some exclusion, so you need to have a discussion with your agent before insuring.
Does Bankers Insurance Group, DBA: First Community Insurance Company Provide a Comprehensive Flood Insurance?
Yes, the company has a flood policy known as ‘Excess Flood Insurance’. In addition to covering the damage caused by rising water, this policy offers, and additional coverage to indemnify you more comprehensively in case of a flood claim. For you to be eligible for the Excess Flood Policy (NFIP), your standard or preferred insurance policy has to be provided by the National Insurance Program or a company such as Bankers that is a Write Your Own (WYO) provider. Alternatively, your property has to be insured for the maximum limit that is offered by the NFIP or WYO.
Does Bankers Insurance Group, DBA: First Community Insurance Company Cater for Natural Disasters?
The company has what they call a living in a CAT state package. This is specifically designed for people living in catastrophe-prone areas. Some of the natural disasters covered include earthquake and hurricanes. According to the company’s official website, the CAT package can be bought separately from the flood insurance.
How Do You File a Natural Disaster Claim?
You can file a natural disaster claim by contacting Bankers Insurance Group, DBA: First Community Insurance Company claims department on 800-765-9700 or your agent on 1-800-765-9700. You may also file it online through the Account Management Section.