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 Florida and How Coverage Works
The average cost of flood insurance in Florida is $562 per year. You may be required to purchase a policy to obtain a mortgage if your home... Read More
California Flood Insurance Costs & Coverage Requirements
The average cost of flood insurance in California is $779 per year. Your mortgage lender may require you to purchase a policy if your house... Read More
How to Prevent Your House from Flooding
Just an inch of flood water can be incredibly damaging to your home. Learn how to identify the risk and the steps you need to take to... Read More
Flood Zones & How They Affect Insurance
Find out how you can easily find what flood zone a particular property belongs to, and what that means for insurance premiums in the area. Read More
Private Flood Insurance: Is it Good Enough?
We go over private flood insurance, including all of its advantages and risks. This guide will go over whether private flood insurance is a... Read More
How Much Flood Insurance Do You Need?
We go over how much flood insurance you need, including what's required by law and what you should get to protect your home and belongings. Read More
How to Get Flood Insurance: Everything You Need to Know
Find out how you can get flood insurance for your home. Whether you want to buy a flood policy from the government or a private company, we... Read More
Average Cost of Flood Insurance 2021
We found that federally-backed NFIP flood insurance typically costs $708 per year. Find out what factors affect both NFIP and private flood... Read More
How to Get the Best Flood Insurance
Getting flood insurance can be a bit complicated. We explain everything you need to know about where, how and from whom to buy flood... Read More