It's a small price to pay for peace of mind.
No home is completely safe from potential flooding. When just one inch of water in a home can cost more than $25,000 in damage, flood insurance can be the difference between recovery and financial devastation.
Risk of flooding after wildfire
Residents living in and around areas impacted by wildfires face an increased risk of flooding – for up to several years after a wildfire. Residents living in in the Western U.S. – California, Washington, Oregon, Colorado, Idaho, Utah, Nevada, Montana, Arizona – are encouraged to purchase flood insurance to protect against devastating flooding and mudflows.
Contact your insurance agent to purchase a flood insurance policy. Need help finding an agent? Use the insurance provider locator to find a company near you.Get Covered
Why should I purchase flood insurance if:
A: Most homeowners insurance does not cover flood damage. Only flood insurance covers the cost of rebuilding after a flood.
Flooding can happen anywhere at any time. Poor drainage systems, summer storms, melting snow, neighborhood construction, and broken water mains can all result in flooding.
In high-risk areas, there is at least a one-in-four chance of flooding during a 30-year mortgage.
Even though flood insurance isn’t required for your property, flooding can happen to anyone.
In fact, policyholders outside of high-risk flood areas file over 20 percent of all NFIP flood insurance claims and require one-third of federal disaster assistance for flooding.
Property owners in the moderate- to low-risk flood areas are eligible for lower-cost Preferred Risk Policies (PRPs). The PRP provides the same building and contents coverage at a more affordable price.
A: Federal disaster assistance is only made available when there is a Presidential disaster declaration, and most flood events do not result in a declaration. Disaster assistance typically comes in the form of loans that must be repaid – with interest!
Disaster assistance from FEMA and the U.S. Small Business Administration is designed to kick-start recovery, but is not enough restore your home to its pre-disaster condition or to replace your treasured household items.
Flood insurance does not have to be paid back, and it is designed to restore your property to its pre-disaster condition. There is no better way to protect the life you’ve built than with NFIP flood insurance.
A: It’s likely your landlord has flood insurance that covers the building, but not its contents.
Affordable, contents-only flood insurance will help you protect the items inside of your unit in the event of a flood.