The Reality of Flood Risks

Flooding can happen almost anywhere, often without much warning, and its impact can be devastating. For homeowners and businesses, the financial burden of flood damage can be overwhelming if they're not adequately insured. Flood insurance is a crucial safeguard that protects you from the high costs associated with repairing or replacing damaged property.

What Flood Insurance Covers

Standard homeowners insurance policies do not typically cover flood damage. This is where flood insurance comes in, offering protection for both the building and its contents. Policies can cover critical systems in your home such as the electrical and plumbing systems, water heaters, and furnaces, as well as furniture, electronics, and other personal belongings.

Why You Need Flood Insurance

Many people assume that if they are not in a high-risk area, they are safe from floods. However, according to the Federal Emergency Management Agency (FEMA), about 20% of flood claims come from properties outside high-risk flood zones. Given the intensity and unpredictability of weather today, having flood insurance can provide peace of mind that you are financially protected.

How to Obtain Flood Insurance

Flood insurance is available through the National Flood Insurance Program (NFIP), and a growing number of private insurers are offering coverage options that can sometimes provide more tailored coverage. To get started, reach out to an experienced insurance agent who can help you understand the risks and determine the appropriate level of coverage for your specific needs.

Act Now, Not After

The process of purchasing flood insurance is best approached proactively. Policies have a 30-day waiting period before coverage begins, so trying to secure insurance with a storm bearing down is often too late. Planning ahead ensures that you'll be covered when you need it most. By understanding your flood risk and obtaining suitable insurance, you can protect yourself from the potentially crippling costs of flood damage. Don't wait for a flood warning to start thinking about coverage—act today to secure your property and peace of mind.