Flood Insurance

Understanding Flood Insurance

Understanding the concept of Flood Insurance will help you determine the best coverage for your situation.

While water/sewer back-up protection is offered in many homeowners policies, it does not cover flooding damages. It’s important to have protection from the floods associated with hurricanes, tropical storms, heavy rains and other conditions that may impact your home. This requires a separate policy.

Federal disaster assistance can be awarded in flooding calamities, but declarations are usually made only in about 50% of the incidents. Having flood insurance can be very advantageous with added benefits, greater control, and better peace of mind.  

Factors affecting flood insurance costs:

  • The flood zone in which you live
  • Elevation of the home
  • Age of the home