Why Homeowners Need Flood Insurance Even if They Don’t Live in a High-risk Area

Your home represents one of the most expensive purchases you may ever make. This level of investment necessitates careful planning and ample precautions. This planning must often go beyond making physical enhancements and fortifications, as no such measures may be able to stave off circumstances beyond your control, such as floods. Even if you’re in an area that’s not generally prone to these natural disasters, having the right coverage is often advisable.

How Can I Know My Area’s Flood Risk?

The Federal Emergency Management Agency (FEMA) designates flood risk ratings for areas throughout the United States. These classifications include low- moderate- and high-risk zones. You can check your risk levels by clicking here.

Why Is Coverage Important?

Even if you’re in a low- or moderate-risk area, you should not discount the importance of flood insurance. Approximately 40% of all flood insurance claims are filed by those living in such areas, demonstrating that these incidents and subsequent losses are prevalent despite what FEMA’s classifications may suggest. Furthermore, many homeowners may not realize that floods are not generally included as covered perils in standard home insurance policies. Without flood insurance, you’d be left to manage these losses out of pocket.

How Can My Policy Help?

Flood insurance policies can offer multifaceted coverage against various losses arising from floods. Specifically, they may consist of the following components:

• Structures coverage can help pay to restore, repair or rebuild your home, including its walls, foundations and attached fixtures, following a flood.

• Contents coverage may assist with the cost of replacing or repairing your belongings, such as electronics, furniture and clothing.

How to Get Flood Insurance Near You

FEMA’s National Flood Insurance Program can help homeowners in many communities find coverage. Additionally, an increasing number of private insurers have started offering policies.

At Insure All Associates in Orange Park, Florida, our agents can help you explore coverage options and secure the right policy. Contact us today to begin.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.