Flood Insurance

Flood Insurance

Protect your home from the elements

Homeowners who live in flood prone areas should know that a standard home insurance policy will not cover damages caused by a flood. For that you need flood insurance, which is a specific policy backed by the federal government with cooperation from private insurance companies.

Even if your home is not located in a flood zone, you have a 26 percent chance of experiencing a flood loss as opposed to the 9 percent chance of fire during the course of a typical 30-year mortgage, according to the NFIP.

A flood is, “a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is the policyholder’s property) from:

  • Overflow of inland or tidal waters; or
  • Unusual and rapid accumulation or runoff of surface waters from any source; or
  • Mudflow; or
  • Collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood as defined above.

Contact us today for more information about Flood Insurance or fill out our online quote form.

Frequently Asked Questions

Q: What is a flood? What does flood insurance cover?

A: Know the government’s definition of a flood before you purchase a policy. For example, if water comes into your basement after heavy rains, that wouldn’t qualify for a claim. A flood is “a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is the policyholder’s property) from:

  • Overflow of inland or tidal waters; or
  • Unusual and rapid accumulation or runoff of surface waters from any source; or
  • Mudflow; or
  • Collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood as defined above.

Q: How much flood coverage can I purchase?

A: As a homeowner, you can insure your home up for to $250,000 and its contents up to $100,000. If you’re a renter, you can cover your belongings for up to $100,000. If you are a business owner, you can insure your building and its contents for up to $500,000.

Q: Should I purchase flood coverage?

A: Flood insurance coverage is not provided under the homeowners policy. Ask us about a flood quote if your property lies in a flood plain as determined by US Government Flood Maps. If you need help determining whether or not your property is located in a flood zone or if you have other questions regarding flood insurance, please let us know.