Does Home Insurance Cover Flood Damage? What You Need to Know

Flooding is a significant risk to homeowners that can very quickly lead to costly damage. Homeowners should understand what their homeowners coverage includes and the importance of flood insurance.

Homeowners Insurance and Flood Damage

Many homeowners mistakenly think that flood damage is covered under their homeowners insurance. Flood damage is almost always excluded and needs to be covered by a separate flood insurance policy.

How to Get Flood Insurance

To financially cover your home from flood damage, you need separate flood insurance. These policies are typically available through private insurers or the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA). Flood insurance can cover:

• Structural damage to your home

• Your electrical and plumbing systems

• Appliances and flooring

• Personal belongings (as outlined in your policy)

Do You Need Flood Insurance?

Even if you aren’t in a high-risk flood zone, it may be wise to have flood insurance. If you live near a body of water, have a basement, or if your area experiences heavy rainfall, you may want to consider a flood insurance policy.

Contact Us

Reach out to the team at Universal Insurance Services in Chicago, IL. We can help you determine the best policy for your needs and budget. Contact us today for a personalized quote or more information.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.