Many people assume that their standard home insurance policies automatically cover flood damage. However, this is not the case.
If your home is located in a flood plain, your lender will require you to purchase flood insurance. Flood insurance is designed to cover the costs of flood damage. It is important to note that even if your home is not in a designated flood plain, it can still incur flood damage. That is why homeowners are eligible to get a home owner insurance quote and purchase flood insurance whether or not they live in a designated flood plain.
If you are not sure whether your home is located in a flood plain, the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) can help. FEMA regularly releases draft flood risk maps to communities in high-risk flood areas. These maps can help residents make informed decisions about flood insurance options and flood protection measures.
Homeowners can purchase flood insurance from some insurance companies or through the National Flood Insurance Program. For more information or a free home insurance quote, contact HomeInsuranceQuotes.us.