CLICK HERE to measure the cost of potential damage to your home. All it takes is a few inches of water to cause major damage to your home and its contents. This interactive tool shows you what a flood to your home could cost, inch by inch.
Did You Know……
Floods are the most common natural disaster and most often come from hurricanes, Nor’easters and winter storms. Flood damage also occurs from heavy rains, snowmelt and ice dams.
Losses due to flooding are NOT covered under Home or Business policies.
The average flood claim is $33,000.
Your property has a 26% chance of being damaged by a flood during the course of a 30-year mortgage, compared to a 9% chance of fire.
Nearly 25% of flood insurance claims occur in low to moderate risk areas.
New land development can increase flood risk, especially if the construction changes natural runoff paths.
The average flood insurance policy in the US costs $540 a year but varies based on the flood zone in which your property is located.
It takes 30 days for a Flood policy to take effect, so it’s important to buy insurance before the flood waters start to rise.