Flood Insurance

Flooding is the most common natural disaster.

Anywhere can flood.
You don’t need to live near a coastline or river to have a flood. Flash floods, inland flooding, and seasonal storms bring flooding to every region of the country.
Just a few inches of water can cause tens of thousands of dollars in damage.

Homeowners insurance does not cover floods.

Only flood insurance covers your home and your personal property from floods.
A flood insurance policy compensates homeowners, renters, and business owners for all covered losses, and unlike a Federal disaster loan, it does not have to be repaid.

You can�t get flood insurance at the last minute.

In most cases, it takes 30 days after purchase for a policy to take effect, so it’s important to buy insurance before the storm approaches and the floodwaters start to rise.

If you are in a high-risk area, flood insurance may be mandatory.

If you live in a high-risk area, and you carry a mortgage from a federally regulated or insured lender, flood insurance is required.

You can purchase flood insurance no matter your flood risk.

You can buy flood insurance as long as your community participates in the NFIP.
You can get flood insurance if your house has been flooded before, even if your mortgage doesn’t require it.
Outside of the high-risk Special Flood Hazard Area, most properties will qualify for the lower-cost Preferred Risk Policy.

Preferred Risk Policies provide flood protection at the best price.

For just $129 a year, qualifying homeowners can purchase a minimum of $20,000 building and $8,000 contents coverage.
Renters can pay as little as $57 per year for $8,000 contents coverage.
Business owners can buy $50,000 building coverage and $50,000 contents coverage (per building) for just $643 per year.
Business owners who lease their space can purchase $50,000 contents coverage for just $1853 per year.
To qualify for a PRP, the property must be located in a moderate- to low-risk zone and meet loss history requirements.
Two claims or disaster relief payments of $1,000 or more for flooding, or three flood losses of any amount, make the structure ineligible for the PRP.