You may have heard about flood insurance and wondered if you really needed it. It is important to have a little understanding of floods and insurance in order to determine if flood insurance is best for you.
Floods are the largest natural disaster in the United States, according to the Federal Emergency Management Agency (FEMA). According to FEMA, even a few centimeters of water can damage a house and its contents.
Many conditions can cause floods: spring thaw, heavy rains, hurricanes, and the rapid accumulation of rain after a Beld fire are just a few of them. And while floods are more likely to occur in certain areas, they can occur anytime, anywhere.
There are several things to consider when deciding whether to buy flood insurance.


Homeowners insurance usually does not cover floods

It is important to note that the usual home contents insurance usually does not cover flood damage. Since flooding can happen anywhere, you should get separate flood insurance. Flood insurance is issued through the National Flood Insurance Program (NFIP), administered by FEMA, or can be sold by some private insurers. Your local insurance agent can help you get flood insurance.

What does flood insurance cost?

The price of flood insurance depends on several factors, including the risk of a flood in your home, the scope of coverage, and the level of coverage. According to, you can purchase separate coverage (up to a total of $ 250,000) for your home and real estate structure (up to $ 100,000). The types of insurance you purchase and the restrictions you set determine the price of your insurance policy.

When is flood insurance compulsory?

FEMA says that if your home is in a high risk area and you have a mortgage from a regulated or federally insured lender, your lender may legally require you to get flood insurance. This is usually not the case if your home is in a medium to low risk area. However, according to FEMA, the lender can ask you to take out flood insurance at any time, even if the company is not legally authorized to do so.
To obtain flood insurance from NFIP, your community must be in the program. Most churches take part, but not all churches across the country take part. You can verify that your community is in the NFIP Association Status Book (click your status, then search the alphabetical list of communities to see if your community is on the list).
While flood insurance is offered through NFIP, insurance policies are sold and operated by private insurance companies. Most policies are only valid for 30 days after being signed, so it is a good idea to purchase insurance before the storm season starts. Find a representative near you to discuss your flood insurance needs.