Flood insurance is not just for homeowners! In fact, renters and businesses also benefit from this type of insurance. While many believe it does, most homeowners insurance does NOT cover flood damage. This is a separate policy that can cover anything from structure to possessions and everything in between.

Why Buy Flood Insurance?

Devastating floods can happen in the blink of an eye, even in generally dry areas

Over 90% of the country's counties were impacted by flooding between 1996 and 2023

The average payout from the NFIP (National Flood Insurance Program - the federal program run by FEMA) is over $40,000 per year

Without insurance, you can expect almost all costs from a flood to be out of pocket

Over 40% of America's homeowners (incorrectly) believe their homeowners insurance covers flood damage

Over 25% of flood claims are from areas with low to moderate flood risk

There is a 30 day waiting period before flood insurance goes into affect, so the sooner the better

It's extremely easy to purchase and brings great peace of mind

Flood relief comes primarily from loans or government assistance, which is not always guaranteed

Even if you live in a low to moderate flood risk area, you are five times more likely to experience a flood than a fire in your home over the next three decades

Look into Preferred Risk Policies to see if you live in an area that qualifies as low risk
Elevation Certificates can tell you the elevation of your home, which may need premium coverage, if you live in a higher risk area

A flash flood can carry water starting at 10 feet high

Single family homes worth less than $250,000 are likely to incur more damage than they're worth if flooded

Just 6 feet of water can knock a 150 pound person off their feet and 12 feet can actually sweep away a car

Water moving at only 10 mph can cause as much damage as 270 mph winds

Dry floodproofing (added barriers) is not a guarantee and can be difficult to replace

When purchasing a home, the seller can transfer the flood insurance to the buyer to avoid the 30 day waiting period

Being prepared is the name of the game when it comes to insurance! Please reach out to the office for a quote, at 720.335.6872.