Flood insurance is one of the most misunderstood types of coverage, yet it’s critical protection for homeowners.

Why You Need It: Standard homeowners insurance policies do not cover flood damage. Floods are the most common and costly natural disaster in the United States. Just one inch of water can cause tens of thousands of dollars in damage.

Not Just for High-Risk Areas: More than 20% of flood insurance claims come from properties outside high-risk flood zones.

The 30-Day Waiting Period: There’s typically a 30-day waiting period before flood insurance coverage takes effect. Don’t wait until a storm is approaching.

What Flood Insurance Covers: NFIP policies cover direct physical damage to your home’s structure and personal belongings, including structural elements, electrical and plumbing systems, appliances, and furniture.

Coverage Limits: NFIP offers up to $250,000 in building coverage and $100,000 in contents coverage. Consider excess flood insurance if your property value exceeds these limits.

What’s Not Covered: Temporary living expenses, currency, precious metals, outdoor property like decks and patios, or vehicles.

Private Flood Insurance Options: May offer broader coverage, higher limits, and competitive pricing.