Most homeowners insurance doesn’t cover damage from flooding after a storm.
And no matter where you live, you could face a flood.
Just an inch of floodwater can cause about $25,000 in damage to an average size home. If you don’t have flood insurance, you’ll have to pay for those repairs on your own.
So, consider shopping for a flood policy.
Homeowners who get a standard National Flood Insurance Program (NFIP) policy can insure their home for up to $250,000 and also cover up to $100,000 in belongings. Renters can also get NFIP coverage for up to $100,000 in belongings.
With hurricane season starting in June, now is a good time to contact your agent or insurance company about buying a flood policy. A policy usually starts 30 days after buying it, so don’t wait until a storm’s on the way
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