1. One inch of water in your home can cause up to $7,800 in damage, according to the NFIP.
2. Over the past 10 years, the average flood claim is over $33,000.
3. Flooding is NOT covered in a standard homeowners, renter’s or business insurance policy.
4. Flood insurance does not go into effect immediately. Most policies have a 30-day waiting period, so it’s important to buy insurance ahead of time.
5. Flood insurance covers:
   • Damage to your home’s structure
   • Damage to your furniture, appliances, clothing
   • Expenses to protect your home (ex: sandbagging)
   • Clean-up costs including debris removal
6. It’s a good idea to value your possessions BEFORE disaster strikes. Use this tool.
7. Everyone lives in a flood zone. You are eligible to buy flood insurance as long as your community participates in the National Flood Insurance Program. Check to see if your community is a NFIP partner.
8. New land developments can increase flood risk, especially if the construction changes natural runoff paths.
9. Federal disaster assistance is usually a loan with interest.Say you have a $50,000 loan with 4% interest. Your monthly payment would be about $240/month ($2,800/year) for 30 years. But if you buy flood insurance, your premium would be about $400/year or $33/month.
10. If you live in a moderate-to-low risk area and are eligible for the Preferred Risk Policy, your flood insurance premium could be just $129 a year. This includes coverage for your contents.

Click here for more information on personal flood insurance or business flood insurance.

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Information from NAIC and NFIP.