Flood Insurance

Flooding can occur anywhere and often where it's least expected. Approximately one in four flood claims come from areas not considered high risk. Standard homeowner's policies typically don't cover flood damage, and without flood insurance, you could face significant out-of-pocket expenses to repair and replace affected property.

Standard flood insurance policies usually cover physical damage to your property and possessions resulting from floodwaters. This can include damage to the structure of your home, electrical and plumbing systems, permanent fixtures, and personal belongings. The exact coverage details may vary depending on your policy.

Flood insurance is a contract that pays out after a flooding event, ensuring financial recovery regardless of whether the event is declared a federal disaster or not. In contrast, disaster assistance, often in the form of a loan, requires a presidential disaster declaration and must be repaid with interest.

Yes, there is typically a 30-day waiting period from the date of purchase before your flood insurance policy goes into effect. This measure prevents individuals from buying coverage only upon imminent threat of a flood. Planning ahead is crucial; securing a policy well in advance of potential flooding is the best strategy.