Evaluate Your Need for Flood Insurance
Flooding is not covered in a standard homeowners, renter’s or business insurance policy and between 20 and 25 percent of all flood insurance claims come from low-risk areas. The Department of Insurance, Securities and Banking offers this information to help you get smart about your flood insurance options.
There is typically a 30-day waiting period on new flood insurance policies. Remember, not all water damage is considered “flooding.” Check with your insurance company about other coverage such as sewer/water back-up as part of your homeowners policy.
What is a flood?
Flood—an excess of water (or mud) on normally dry land—is the most common natural disaster in the US. The NFIP defines flooding as a general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow.
How do I know what kind of flood area my home or business is in?
Everyone could sustain a loss from flooding, but not everyone faces the same level of flood risk. You can see a current flood plain map for Washington, DC, at this link [PDF]. Follow this link on NFIP’s website to where you can put in your address and rate your risk, estimate your premiums and find an agent.
How do I obtain flood insurance?
Contact your current insurance agent, company or broker or visit FloodSmart.gov.
Where do I go for questions about flood insurance claims?
To view the flood insurance claims manual, follow this link.
Be prepared! Make a home inventory
You never know when disaster may strike. Make a home inventory of your personal property including photos or video of your belongings. Store this inventory in a safe place to help file an insurance claim after a disaster. You can download the free National Association of Insurance Commissioners home inventory app for iPhone® or Android smart phones and other resources at this link.