Flood Insurance

Do you have flood insurance? It’s important to know that most standard homeowner insurance policies do not cover flood damage. Flood insurance is required if your property is in a designated high-risk flood zone and you have a mortgage loan from a federally regulated or insured lender. If you do not have a mortgage, it is still recommended that property owners buy flood insurance. Often, homes are still at risk in areas where flood insurance is not required.

Even a small amount of floodwater, such as 1 inch inside your property, can cost tens of thousands of dollars. There is an online cost estimator to help you understand the cost of flood damage to your property – it adds up quickly!

There is a 30-day waiting period on new flood insurance policies.

If you do not currently have flood insurance, make looking into it a top preparedness priority! The National Flood Insurance Program (NFIP) is a federal program managed by the Federal Emergency Management Agency (FEMA) and is delivered to the public by a network of approximately 60 insurance companies and NFIP Direct.