Why You Need Flood Insurance – Even If You’re Not in a High-Risk Zone
Vehicle navigating a flooded street
At Salt Jacket Insurance, we understand that protecting your home and finances is a top priority. One area homeowners often overlook, however, is flood insurance. Floods can happen anywhere and can cause devastating damage. Here are some key reasons why having flood insurance is a must for homeowners, regardless of where you live.
1. Most Standard Homeowners Insurance Policies Don’t Cover Flood Damage
Many homeowners are surprised to learn that their standard insurance policy doesn’t cover damage caused by flooding. This means if a storm or heavy rainfall leads to water entering your home, you’ll be responsible for all repairs and replacements out of pocket. Flood insurance steps in to fill this critical gap in coverage. Wondering about your coverage? Call or text us 972-564-4001 and we will help you to review your current coverage and explore where we can best support you.
2. Flooding Can Happen Anywhere
Floods aren’t limited to coastal or high-risk areas. According to FEMA, over 20% of flood claims come from properties outside of designated high-risk zones. Even moderate rainfall, clogged drainage systems, or rapid snowmelt can lead to unexpected flooding. If you think you’re not at risk, think again.
3. The Cost of Flood Damage Is Devastating
Did you know the average flood claim costs around $40,000? Repairs for water-damaged walls, flooring, electrical systems, and personal belongings can quickly add up. Flood insurance provides financial protection to help you recover without draining your savings.
4. Floods Are Becoming More Common
Due to climate change and urban development, flooding events are increasing in frequency and severity. Heavy rains, hurricanes, and even flash floods are more common than ever, making flood insurance a smart investment in today’s unpredictable climate.
5. Peace of Mind, No Matter the Weather
Owning flood insurance means you won’t have to worry every time there’s a heavy storm. You can rest easy knowing that your home and belongings are protected, allowing you to focus on what matters most.
6. Mortgage Requirements in High-Risk Zones
If your home is in a FEMA-designated high-risk flood zone, your mortgage lender likely requires you to carry flood insurance. But even if you’re not required to have it, opting in ensures you’re prepared for the unexpected.
7. Federal Disaster Aid Isn’t Enough
Relying on federal disaster assistance isn’t always a viable solution. For one, assistance is only available if a disaster is declared, and the aid is often in the form of a loan that must be repaid. Flood insurance provides faster and more comprehensive coverage without strings attached.
8. Affordable Protection
Flood insurance is often more affordable than you think, especially if you live in a low- or moderate-risk zone. Premiums are typically lower in these areas, making it an easy way to secure peace of mind without breaking the bank.
9. Fast Recovery After a Disaster
Having flood insurance allows you to bounce back quickly after a flood. Instead of waiting for assistance or scrambling to cover repair costs, you’ll have the resources you need to rebuild and move forward.
10. Waiting Period
Flood insurance often has a waiting period for coverage to take effect. Contact your agent before the need arises so you can be properly covered.
At Salt Jacket Insurance, we’re here to help you navigate the complexities of flood insurance and find a policy that fits your needs and budget. Whether you live in a high-risk flood zone or a seemingly safe area, flood insurance is a vital layer of protection that ensures your home and finances are secure.
Don’t wait until it’s too late. Contact us today to learn more about flood insurance and how we can help you stay prepared for whatever comes your way.