Do I Have to Have Flood Insurance?

If you live in a low-risk area, you may not be required by law or your lender to carry flood insurance.

However, by federal law, if you have a mortgage and live in a high-risk area, you will be required to have flood insurance.

If you don’t have a mortgage and live in a high-risk area, you aren’t required to carry flood insurance.

But it would help if you thought about what that means. You are at high risk of flooding and won’t be covered if you have flood damage to your home or personal property.

The costs can be extreme and devastating. In addition, federal grant programs are unlikely to return your home to its pre-disaster condition.

Benefits of Flood Insurance

Less than one inch of water can cause $25,000 worth of damage. Imagine the costs with more water.

It offers peace of mind and protection from catastrophic damage related to flooding. It saves you time and anxiety in the event of the unexpected. It may not only protect your home but protect your personal belongings.

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