Many people don’t realize that homeowners policy alone will not offer any coverages in the event of a flood.

Whether your home is near a sizable or flowing body of water or not, it’s worth evaluating your home’s risk factors and looking into flood insurance as soon as possible.

Flood insurance isn’t just for homeowners, either.

Condo-owners and renters are at risk too: even if your property association or landlord hold flood policies, they will not cover your belongings or expenses should your living space be affected by flooding.
If you’re thinking to yourself that you’re well-enough away from any raging rivers or swelling lakes, here are a few points to ponder:

  • About one out of four national flood insurance claims take place in areas deemed “low-risk”.
  • More than half of Presidentially declared disasters involve flooding.
  • Flooding occurrences happen in all fifty states.
  • Though people sometimes use the term “flood season” when referring to likely times for a flood to strike, there are no hard-and-fast time constraints for a disaster; flooding can strike any time of year.
  • Federal disaster relief is available in some cases where a federal disaster is declared, but this only accounts for about half of the floods in the US. Depending on government relief is no replacement for a good flood insurance.
  • Even if relief is available, this is often only a partial recovery in the form of a loan, and that loan’s monthly payments may well exceed the average annual flood insurance costs.

Options are available for those living in low-, moderate-, and high-risk areas. Your flood insurance rate is based on the flood zone, your home’s age and construction, and the amount of coverage you choose.

Whether you live in a single-family home, a townhouse, condo, a rental property—or if you’re covering a seasonal vacation property, a flood insurance program offers:

  • building coverage to pay for damages to your home as well as items like furnaces and water heaters
  • articles coverage for furnishings, rugs, kitchen and home appliances, and clothing (with exceptions for limitations regarding some basement areas)
  • property protection coverage to pay for sandbagging or other preventative expenses
  • clean-up reimbursement for expenses associated with cleaning and debris removal.

If you’re not currently covered in the event of a flood, don’t wait! By federal law, a flood insurance policy does not go into effect until 30 days after its purchase. (With an exception–when purchasing your policy in conjunction with closing a mortgage on a new or purchased home—the policy is effective at the time of closing.)

Remember, don’t hesitate; misfortune doesn’t wait! If you’re currently in need of a flood insurance policy, get in touch with a licensed professional at to properly assess your needs and to find out what level of flood insurance coverage is right for you.