According to the National Flood Insurance Program (NFIP), floods occur every day in all 50 states. It's important to know that homeowners insurance does not cover flood damage. In order to protect your home, consider purchasing a flood policy from the NFIP. The NFIP is a federal program designed to reduce future flood damage through floodplain management and provide affordable flood insurance. While many floods result from hurricanes or nor'easters, smaller events are the more common causes. Snow melt or a heavy rain shower leaving behind just a few inches of surface water can result in serious, expensive damage to your home.
NFIP coverage is relatively inexpensive. For homeowners in low- to moderate-risk areas, premiums may be as low as $112 per year, including protection for your property's contents. Contents coverage is separate and a 30-day waiting period applies before your policy takes effect. If you already insure your home with us and are interested in flood coverage, please call us at 800.342.5342.
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