When most people think of flooding, they imagine coastal hurricanes or homes sitting right on the water’s edge. But here’s a surprising truth: over 20% of flood claims come from properties outside of high-risk flood zones. That means flooding can happen almost anywhere—and many homeowners aren’t prepared.
What is Flood Insurance?
Flood insurance is a separate policy that covers damage specifically caused by rising water. It’s not included in your standard homeowners or renters insurance policy. Without it, you could be left footing the bill for costly repairs.
Flood insurance typically covers:
- Structural damage to your home
- Electrical and plumbing systems
- Heating and cooling systems
- Appliances, flooring, and permanently installed cabinets
- Debris removal and cleanup
If you’re a renter, flood insurance can also protect your personal belongings—furniture, clothing, electronics, and more.
How Much Does Flood Damage Cost?
According to FEMA, just one inch of water inside your home can cause over $25,000 in damage. And with changing weather patterns, flash flooding, heavy rain, and overwhelmed drainage systems are becoming more common—even in areas that never used to flood.
Do I Need Flood Insurance?
You might, even if it’s not required. Here’s why:
- Your mortgage lender may require it if you live in a high-risk flood area.
- If you live in a moderate- to low-risk area, it’s usually optional—but still a smart move.
- It provides financial protection and peace of mind, especially if you live near rivers, lakes, or urban areas with poor drainage.
What About Federal Disaster Assistance?
Don’t count on it. Federal assistance is not guaranteed and typically comes in the form of low-interest loans that must be repaid. Plus, it’s only available if the president declares a federal disaster. Flood insurance is a reliable safety net, regardless of government decisions.
When Should I Get Coverage?
Flood insurance policies usually have a 30-day waiting period before coverage kicks in—so don’t wait until a storm is brewing! Now is the perfect time to prepare.
Protect What Matters Most
At Padgett Insurance Agency we help you navigate flood insurance options that fit your home, your budget, and your peace of mind. Whether you’re in a high-risk area or just want to be proactive, we’re here to answer your questions and get you the coverage you need.
📞 Call us today or stop by to learn how flood insurance can keep you—and your home—safe, dry, and financially protected.
