Flood Insurance

Flood insurance is a special type of insurance that protects your home. It covers damage to your home and your personal property from flooding, both of which are typically not covered by regular home insurance.

You may be required to buy flood insurance if your home is in a high-risk flood area and you have a federally backed mortgage.

There are two main options to buy flood insurance: through the National Flood Insurance Program (NFIP), which is backed by the federal government, or through a private insurer. Until the last few years, the private flood insurance market was prohibitively expensive, though.

At ValuePenguin, we write about how to understand whether you're required to get flood insurance, the best and most affordable options for flood insurance and the average cost of coverage, among other topics.

Flood Insurance Research & Advice

Cost of Flood Insurance in Georgia and How to Get Coverage

The average cost of flood insurance in Georgia is $689 per year. State law doesn't require flood insurance, but mortgage lenders often do. Read More

Excess Flood Insurance: What Is It? Who Needs It?

If you have a high-value home located in a high-risk flood area, you may need excess flood insurance. This insurance covers damage to your... Read More

What Should You Do If You Have Uninsured Flood Damage? Will FEMA Help?

If your home was damaged by a flood but you don't have flood insurance, you can apply for grant money from FEMA or a loan from the SBA to... Read More

Do I Need Flood Insurance in North Carolina? How Much Does It Cost?

The average cost of flood insurance in North Carolina is $836 per year for a government backed NFIP policy. The state of North Carolina... Read More

Cost of Flood Insurance in Louisiana and How Coverage Works

On average, flood insurance costs $744 in Louisiana. It's optional for most Louisiana homeowners, but it's worth considering even if you... Read More

Choosing a Flood Insurance Deductible

A flood insurance deductible is the amount you'll have to pay before the policy covers damage to your home. A lower deductible means you'll... Read More

What Is An Elevation Certificate for Flood Insurance?

If you have a mortgage and live in a high-risk area for floods, you almost certainly need an elevation certificate. Learn about when flood... Read More

Flood Insurance in New Jersey

The average flood insurance cost in NJ is $1,173 per year for a government-backed policy from the National Flood Insurance Program (NFIP).... Read More

Cost of Flood Insurance in Texas and How Coverage Works

The average cost of flood insurance in Texas is about $704 per year. You may need to buy a policy to get a mortgage if your house is in a... Read More