Flood Insurance

Protection from the #1 natural disaster in the U.S.

 

Residential

Just a few inches of water from a flood can cause tens of thousands of dollars in damage. In 2020, the average residential flood claim amounted to more than $43,000. Flood insurance is the best way to protect yourself from devastating financial loss.

Flood insurance is available to homeowners, renters, condo owners/renters, and commercial owners/renters. Costs vary depending on how much insurance is purchased, what it covers and the property's flood risk

Business

At least 25 percent of businesses that close after events, like a flood, never reopen. In 2020, the average commercial flood claim was more than $90,000. Flood insurance is the best way to protect yourself from devastating financial loss. Even if you do not own the building in which your business is located, you can obtain coverage. You can insure the value of improvements you made in creating your business in that space.

Flood Facts:

  • In the past 5 years, all 50 states have experienced floods or flash floods.

  • Everyone lives in a flood zone. Most homeowners insurance does not cover flood damage.

  • If you live in a Special Flood Hazard Area (SFHA) or high-risk area and have a Federally backed mortgage, your mortgage lender requires you to have flood insurance.

  • Flash floods often bring walls of water 10 to 20 feet high.

  • A car can easily be carried away by just two feet of floodwater.

  • Hurricanes, winter storms and snowmelt are common (but often overlooked) causes of flooding.

  • New land development can increase flood risk, especially if the construction changes natural runoff paths.

  • Commercial property insurance does not cover damage to your business caused by flooding.

*Information furnished on FloodSmart.gov, the official site of the NFIP.

 Ready to make the switch to better quality more affordable coverage?