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Do I Need Flood Insurance?

Updated: Jun 27, 2023

According to the Federal Emergency Management Agency (FEMA), 90% of all natural disasters in the U.S. involve some type of flooding. Inland flooding, flash floods, and flooding from seasonal storms occur in every region of the United States, (1) so it is important to understand your risk of flooding and whether flood insurance is right for you.



When is Flood Insurance required?

If you live in a high-risk flood zone starting with A or V, your lender will typically require you to get flood insurance when purchasing your home. If your home is in a moderate-to-low-risk area, flood coverage likely won’t be mandated by your lender. However, it doesn’t mean you’re free from risk. According to FEMA, approximately 25% of all homes that experience flooding are not in a mandated flood zone. Understanding your Flood Zone is important, but it is more important to understand the actual risk of your specific location when deciding whether to purchase flood insurance.


If you’re unsure what flood zone your home is in, use our FEMA Flood Zone Lookup tool to find out. If you would like to speak to one of our flood specialists about the actual risk of your home, give us a call.


Homeowners insurance typically doesn’t cover flooding.

Your home is often your largest asset, so protecting it from flood damage is crucial. It’s important to know that a standard homeowners insurance policy typically doesn't cover flooding, so it's essential to consider purchasing a separate flood insurance policy. The National Flood Insurance Program (NFIP), managed by FEMA, is one option for purchasing flood insurance. The second option is to consider a private flood insurance policy. The good news is that we offer both options, so we can help you find the one that best suits your needs. Enjoy peace of mind knowing that your home is protected from flood damage.


Flood Zones can change.

Flood maps are constantly being redrawn, so your property could be redesignated from a moderate-risk area to a high-risk area. Weather conditions are dynamic and affected by a wide variety of factors, which can change the risk of your property, requiring flood maps to change. By staying informed and being proactive, you can ensure that you have the right flood insurance coverage to protect your property, no matter how the maps may change.


Where can I purchase flood insurance?

FloodPrice can help! Flood insurance is all we do, so we have the experience and available options to help you determine the right policy for your home. You can purchase flood insurance on our website or over the phone. We offer flood insurance through the NFIP as well as private flood insurance. Whether you’re looking for broader coverage or the lowest price, we’ll help you find a policy to fit your needs. If you have questions, our Flood Experts are here to help! Give us a call at 866-503-5663. Or, visit our Quote page to get your free quote online.

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