Flood Insurance – Protecting Your Home From Heavy Rain And Flooding

flood insurance

Not everyone knows that any losses incurred during a flood are not included in home insurance. This is because flood coverage is always written as a separate policy. If you live in a flood hazard zone indicated by the National Flood Insurance Program or NFIP, you will be required to have flood insurance along with supplemental coverage. Such zones are determined by the sea level elevation along with the history of flooding in a specified area, however if your home is not in this zone but at risk of flooding, you will still need coverage. Flood insurance must be highly considered and you must never take your chances because no one can predicate the damages that heavy rains and flooding can bring.

Why Do You Need Flood Insurance?

It is a fact that flooding can happen anywhere even in areas that are thought to be safe. There are certain areas that are prone to severe flooding while others are prone to low risk flooding. To help you understand this better, this is how such areas are defined -

High Risk Zones

These zones are areas of high risk and they have a greater chance of flooding within a specified period of time. If you live these areas and have a mortgage, you will be required to buy flood insurance.

Moderate And Low Risk Zones

These zones are areas with a lower risk of flooding but still have a chance of incurring damages and injuries caused by flooding. Though the areas may not be in zones of flood prone disasters and flood insurance will not be required, it will still be recommended.

3 Factors That Contribute To Flooding

These are three factors that may contribute to flooding. Altogether they cause severe flooding which often leads to serious property damages as well as injuries.

Heavy Rains

Even if there are no hurricanes or tropical storms, heavy rains can occur. Such rains can allow the accumulation of water with non stop rainfall.

Tropical Storms And Hurricanes

Together, they are a major threat to any area and they bring about heavy rain, flying debris and strong winds. The damages and injuries that can be incurred during tropical storms and hurricanes are disastrous.

Land Development

New flood risks and natural drainage changes are brought about by construction and land development in an area. Sadly, the constant introduction of new parking lots, buildings, houses and road extensions reduce the amount of free land and prevent it from absorbing any excess water.

How You Can Save Up On Expenses With Flood Coverage

If you do fall into the category of moderate to low risk zones, and the need for flood insurance is simply an option, you must be aware of the associated risk factors before deciding against getting flood coverage. A lot of people know that their home insurance will not help them with damages incurred by flooding, yet only a few act on it. As a result, the overall expenses involving repairs made to the home, belongings and other related expenses to flood damages have to be shouldered by homeowners alone.

Evaluate if your chances of flooding damages is at a level where you must not risk not being protected. Always consider if the amount of cash outweighs the possibility of being affected by floods. Then make an informed decision if the money you will be paying for flood insurance is worth it or not.  If you are still uncertain about taking flood insurance, then perhaps you need to discuss your options with a flood insurance professional who has all the information to help you decide wisely.

Author Bio

Valerie Stevens is a freelance writer specializing in home and auto insurance for Advantage Insurance Agency. She regularly writes about flood insurance for homes and other insurance related topics.

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