Flood Insurance Information

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You don’t need to be in a “flood-zone” to be at risk of flooding,and this MOST common disaster is NOT covered by your home-owners…

More than 20,000 communities have joined the National Flood Insurance Program. If you live in one of those communities then you can buy a flood policy. It doens’t matter where you obtain your flood insurance, as the rates are standardized by the government program. Don’t wait for a flood season warning on the evening news to buy a policy – there is a 30 day waiting period before coverage takes effect.

Know your flood facts:

Flood insurance is not covered by your homeowners, business or other property policies.

  • 25% of all claims occur in low to moderate risk flood areas.
  • Everyone lives in a flood zone.
  • There is a 30 day waiting period for a policy to take effect.
  • In the US, flooding is the #1 natural disaster
  • Federal Disaster Assistance – if it is available after a flood, is usually a loan you must repay with interest.
  • The NFIP provides coverage up to a maximum $250,000 for the structure of a home and $100,000 maximum for personal possessions.

Flood coverage can be as low as $129 per year for a preferred risk homeowner policy and $162 for qualified business owners.

Call Caton Hosey Insurance to find out how much a flood policy will cost for your home.

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