Flooding is not a covered peril under standard home insurance policies. One inch (1 inch) of water in your home can cause up to $25,000 in damages, and over 25% of flood insurance claims come from outside special hazard flood areas. These areas are where flood insurance is required if you have a mortgage. 

If you want to protect your home against a flood, you need a separate flood insurance policy. Without it, you won't be able to recover fully. FEMA's standard payout after a storm or flood is between $3,000 and $8,000. That will not allow you to fully repair your home and replace your belongings. 

You can buy insurance from the National Flood Insurance Program (NFIP) or new private-market insurance companies. Talk to your agent about your options.

In October 2021, the NFIP will update its risk rating method. Known as Risk Rating 2.0, the "methodology leverages industry best practices and cutting-edge technology to enable FEMA to deliver rates that are actuarily sound, equitable, easier to understand and better reflect a property’s flood risk."

Many flood insurance policyholders may see their insurance rates reduced. Others will see increases. The new Risk Rating 2.0 will be rolled out in phases. 

Learn more about Risk Rating 2.0.

Find out your risk for floods then how affordable Flood Insurance can be for you

Screenshot 2019 05 17 3 Types Of Clouds Comparison Chart By Smart Home Infographic

Find Flood Experts

Get help with your flood insurance, flood mitigation, or recovery

Contact an Expert