Flood Insurance
Natural Disasters Are Unpredictable.
Know You’re Always Covered With Flood Insurance
- Home insurance doesn’t cover flooding, make sure to have a policy in place today
- 20% of flood claims are from low to moderate flood zones
- Floods can happen anywhere at any time, stay protected with a policy!
How Much Does Flood Insurance Cost?
Finding the right policy at the right price is crucial. Questions like “how much does flood insurance cost” can be answered by considering a few individual factors that affect pricing.
Flood Risk Rating
Every home has some form of risk, scaled from low, moderate, to high. Flood risks can be associated with the home's location within a floodplain, whether it's on a hill, or at an elevation. Other factors determining your flood risk include the frequency of flooding in your area, type of flood risk (rainfall, storm surge, overflow from rivers), how close you are to water, and your home’s rebuilding cost.
Your Home’s Age and How It Was Built
Older homes built before modern construction can affect your price. The materials and building techniques on older properties can put your home at high risk for damages caused by flooding. Additionally, the materials used to repair your home could be more expensive than a newer home.
Your Insurance Company
Some insurance companies are more expensive than others. Luckily, flood insurance is offered by several companies. This means having more competitive pricing and policies, letting you shop around to find your best flood insurance cost.
The Coverage You Choose
The type of coverage you select will impact your total cost. Not all coverages are the same. Different policies offer varying levels of protection for unique scenarios. The deductible associated with your flood insurance policy will also determine how much you will pay out of pocket after filing a claim.
What Are the Different Types of Flood Insurance?
There are two types of flood insurance: dwelling coverage and contents coverage.
Dwelling Coverage
Dwelling coverage is what it says: it covers the dwelling, or structure, of your home. This form of flood insurance covers floors, walls, foundations, the roof, and any other physical portions of your home. So, if you have a water problem that warps your floors and walls, you’re covered! If it damages your belongings, you’re not.
Contents Coverage
Contents coverage is a policy for your belongings in your home. From furniture, personal items, and appliances, contents coverage protects it all. However, it does not cover flooring/carpeting, that is only covered in dwelling insurance.
Bundle and Save For More Coverage at a Great Price
Not sure if you need dwelling or contents coverage? Luckily, insurance companies offer both forms of coverage to fully protect your household from flooding. While you can’t stop the water, you can protect your savings and know you have an insurance company taking care of you every step of the way.
What Is Covered Under Flood Insurance Policy
Depending on the type of policy or coverage you choose, flood insurance covers household and property damage caused by flooding. This includes damages to:
- Furnaces
- Solar panels
- Water heaters
- Well water tanks and pumps
- Personal belongings
- Refrigerators
- Built-in appliances (i.e. dishwashers)
- Washer and dryer
- Permanently installed cabinets or bookcases
- Permanently installed carpeting
- Foundation walls
- Staircases
- Detached garage
- Foundation walls
