Just because you haven’t experienced a flood in the past, doesn’t mean you won’t in the future. Flood risk isn’t just based on history, it’s also based on a number of factors: rainfall, river-flow and tidal-surge data, topography, flood-control measures, and changes due to building and development.
Flooding is the most common natural disaster.
- Anywhere it can rain, it can flood.
- You don’t need to live near a coastline or river to have a flood. Flash floods, inland flooding, and seasonal storms bring flooding to every region of the country.
- Just a few inches of water can cause tens of thousands of dollars in damage.
Most homeowners insurance does not cover floods.
- Only flood insurance financially covers your home and your personal property from floods.
- A flood insurance policy compensates homeowners, renters, and business owners for all covered losses, and unlike a Federal disaster loan, it does not have to be repaid.