Flood Insurance

Flood insurance provides protection against property damage caused by flooding. Insurers determine the risk factors for individual properties by referencing topographical maps that highlight areas such as lowlands, floodplains, and floodways, which are more prone to flooding.

More About Flood Insurance

Across the United States, only 20% of homes at risk for flooding have flood insurance coverage. Many private insurers exclude flood coverage due to the phenomenon of adverse selection—where those most vulnerable to flood risks are the primary purchasers of flood insurance.

According to the National Flood Insurance Program, flooding is defined as a general and temporary condition involving partial or complete inundation of at least two acres of normally dry land or two or more properties (including at least one of your own). Causes of flooding include:

• Overflow of inland waters
• Unusual or rapid accumulation or runoff of surface waters from any source
• Mudflows

Flooding can be triggered by natural disasters such as landslides, hurricanes, earthquakes, and more. However, while some homeowners may have earthquake insurance, it may not cover flood damage caused by earthquakes.

Contact us today to learn more about the right amount of flood insurance coverage for your home.