Flood insurance coverage protects you from the potentially high costs of replacing your home and personal property from flood-related damage. However, standard homeowners insurance doesn’t cover flood damage, which is typically defined as damage to two or more acres of normally dry land. If you live in an area that could be susceptible to flooding, the insurance experts at The Kastendike Insurance Group can help you choose the right level of coverage.

When Do You Need Flood Insurance?

Whether or not you need flood insurance often depends on where you live and the associated risk for flooding. The Federal Emergency Management Agency (FEMA) is a good resource for making that determination. Kastendike Insurance Group will review FEMA recommendations and help you decide accordingly.

Certain areas fall under the category of Special Flood Hazard Areas (SFHAs). According to the federal government, these areas have a 25% likelihood of flooding once every 30 years, which is the average mortgage term. Residences in these areas require an active flood insurance policy. It’s the lender’s responsibility to inform homebuyers that they’re considering property in an SFHA-designated zone.

Even if you’re considering buying a home in a low-to-moderate risk area, keep in mind that nearly 20% of all National Flood Insurance Program (NFIP) claims come from these areas. Although the federal government doesn’t require homeowners to purchase flood insurance in these areas, Kastendike Insurance Group will help you make the right decision for your property and your family.

What Does a Flood Insurance Policy Cover?

Additional flood insurance coverage from the National Flood Insurance Program (NFIP) protects two things: your home’s structure and the property within it. Each of these elements has its own deductibles and limits.

Here’s a partial list for what flood insurance covers:

  • The home’s foundation
  • Electrical and plumbing components
  • HVAC systems
  • Water heating units
  • Appliances
  • Electronics
  • Carpeting

The insurance agents at Kastendike Insurance Group will help clients with a risk assessment that projects the estimated value of these categories and determine the appropriate coverage limits.

Is Flood Insurance Coverage Right for You?

Flood insurance coverage may not be necessary for every client. The Kastendike Insurance Group will help homeowners understand their personal insurance policy options to help clients make an informed decision. For questions about flood insurance and other insurance agency services, call us today at 443-501-9388.