Do You Know the Truth About Flood Insurance?
Anna Polinski
Real Estate Agent. Helping clients find their dream homes with focus, care, and clarity.
Do You Know the Truth About Flood Insurance?
Flooding is the most common and costly natural disaster in the U.S., and even a few inches of water can cause massive damage. Here’s what you need to know to protect your home:
Does Homeowners Insurance Cover Flood Damage?
Nope! Most homeowners insurance policies don’t cover flood damage. Federal disaster assistance may help, but it’s limited and not guaranteed. Flood insurance is the best way to protect your property.
What Is Flood Insurance?
It covers damage from floods caused by:
Heavy rain
Melting snow
Coastal storm surges
Blocked drainage systems
Levee or dam failures
Is Flood Insurance Required?
If your home is in a high-risk flood area and you have a federally backed mortgage, flood insurance is required. But remember: Wherever it rains, it can flood.
How Much Does It Cost?
On average, about $1,000/year, but your exact premium depends on factors like location, property specifics, and deductibles.
Where Can You Get It?
National Flood Insurance Program (NFIP): Coverage up to $250,000 for buildings and $100,000 for contents.
Private Insurance: Offers higher coverage limits and additional perks like temporary living expenses.
Pro Tip: Most NFIP policies have a 30-day waiting period, so don’t wait until it’s too late!
Ready to safeguard your home? Consult a licensed insurance agent today to find the right coverage for your needs.
Questions about flood zones or insurance? Let’s chat!
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