Does my Homeowners Policy cover flooding?

By: Joan LaFemina

Rarely! most homeowners insurance policies do cover the damage caused by sudden and accidental pipe burst flooding but very few offer coverage for flooding caused by storms or other natural causes.

As you know, flooding can happen at any time, and as your local independent insurance agent, I want to make sure your family is prepared before the next storm hits. You can’t control the weather, but you can prepare for it.

FEMA and the National Flood Insurance Program (NFIP) are encouraging all homeowners to purchase flood insurance today to protect their homes and families especially because policies typically take up to 30 days to go into effect. Policies are relatively inexpensive and can help to recover in the event of flooding.

Your current homeowners insurance, although important for other protections, will not protect you from flood damage. Buying flood insurance is one of most important steps you can take to protect your investment before the next storm.

Here are three things to know about flooding as per FEMA:

• Just one inch of water in an average-sized home can cause more than $25,000 in damage: In 2017, the average flood claim payment was more than $90,000.

• Flooding can happen anywhere, not just in high-risk areas: More than 25% of flood insurance claims come from outside the high-risk flood area, otherwise known as X zones (low to moderate risk)

• Most homeowners insurance doesn’t cover flood damage: With a flood policy from the NFIP, you’re covered up to $250,000 for your home and $100,000 for belongings.

Hometown Insurance can offer quotes for the NFIP federal plan policies or even private flood insurance options. Call us to review options and get a quote today!

Call your Hometown Insurance Independent Agent to review your flood coverage options at 1-800-568-SAVE (7283) or email service@hometowninsurance.com

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