It Covers:

• Structural Elements, including walls, floors, equipment, & fixtures
• Contents, such as furniture, appliances, & floor coverings
• Personal items like clothing, stereos & televisions

Fast Flood Facts:

• Floods can happen anywhere, anytime, in ALL 50 states.
• 80% of all natural disasters that strike the United States each year involve flooding.
• 1 in 3 flood claims are from areas that are not flood prone.  You don’t need to live near water.
• 90% of floods are NOT considered federal disasters, which leaves the full cost of rebuilding up to the property owner.
• The most an individual family can receive in FEMA grants is $12600 and the average grant is only $2500.
• Homeowners are 4 TIMES more likely to sustain a loss from flood than from fire.
• Flooding is the most common natural disaster.
• Flash floods, inland flooding and seasonal storms bring flooding to every region of the country.
• Just inches of water can cause tens of thousands of dollars in damage.

Most homeowners insurance does not cover floods.

• Only flood insurance financially protects your home and your personal property from floods.
• A flood insurance policy compensates homeowners, renters and business owners for all covered losses, and as opposed to a disaster loan, there is no payback requirement.
• The average flood insurance premium is around $500 a year.
• Outside of high-risk areas, premiums start as low as $119 a year.
• Once purchased, there is a 30-day waiting period for the policy to become effective, so don’t wait to buy it!

You can purchase flood insurance no matter what your flood risk is.

• It doesn’t matter whether your flood risk is high or low, you can buy flood insurance as long as your community participates in the National Flood Insurance Program.
• You can get flood insurance if your house has been flooded before, and you can purchase it even if your mortgage doesn’t require it.
• About 25 percent of all flood insurance claims come from low- to moderate-risk areas.

Preferred Risk Policies provide protection at the best price.

• For just $119 a year, homeowners can purchase a minimum of $20,000 building and $8,000 contents coverage ($25 more if there is a basement).
• Renters can pay as little as $39 per year for $8,000 contents coverage.
• Business owners can buy $50,000 building coverage and $50,000 contents coverage (per building) for just $550 per year.
• Business owners who lease their space can purchase $50,000 contents coverage for just $145 per year.
• To qualify for a PRP, the property must be located in a low to moderate risk zone.

Links to FEMA Flood Insurance information.