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
Flood insurance in Florida costs an average of $910 per year for NFIP coverage. Your mortgage company may require you to get flood... 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
As little as an inch of floodwater can be incredibly damaging to your home. Learn how to identify the risk and the steps you need to take... Read More
Flood Zones & How They Affect Insurance
Your FEMA flood zone is used to determine whether you're required to purchase flood insurance. However, it's no longer used to calculate... 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
Homeowners and renters can get flood insurance from the National Flood Insurance Program or through a private insurer. If you have a... Read More
Average Cost of Flood Insurance
Federally-backed NFIP flood insurance typically costs $985 per year. Read More
How to Get the Best Flood Insurance
Homeowners should compare quotes from the government-sponsored NFIP and private insurance companies to get the best flood insurance.... Read More