Don’t wait until there’s a flood to get insured
Unfortunately, most flood insurance policies require a 30-day waiting period between the time that the policy is purchased and the time that it goes into effect. So if you wait until there is an impending storm to buy your policy, you may not be covered in time.
Flood Insurance FAQs
How much is flood insurance
Flood insurance rates aren't as variable as other insurance products. This is because flood insurance is provided only by the Federal Government through select licensed insurers. This helps control the rates among insurance providers. Your home's location will have a greater impact on the cost of flood coverage. Homes are assessed based on flood risk zones, where the lower the risk of flooding in the area the lower the premiums. Residents of 'low-to-moderate' flood zones can expect to pay between $150 and $450 a year. The presence of a basement in your home will further raise monthly premiums. Residents in higher-risk flood zones can expect to pay more for coverage.
What does flood insurance cover?
Flood insurance can cover both the physical structure of your home as well as its contents. The structure of your home will include things like electrical and plumbing, foundation, central air systems, furnace, gas and electrical appliances (stoves, refrigerators, etc) and lastly carpeting (permanent) or finished floors.
Personal contents protected by flood insurance:
- Electronics (TV, Stereo, Laptop, etc)
- Air conditioning unit
- Washer and Dryer
- Area Carpeting
Do I need flood insurance coverage?
Whether you need flood insurance should be determined by the flood risk of your living area. If you live in one of the higher risk flood zones you will likely be required to purchase flood insurance. This includes coastal areas, or areas that are commonly known to flood. FEMA states that every year roughly 20% of flood insurance claims come from low-to-moderate flood zones, so it may be a worthwhile investment if you could be in that 20%.
How can I get a flood insurance policy for my home?
Thought Infinity only offered auto insurance? We were just getting started! Infinity Insurance Agency, Inc., provides flood insurance coverage through non-affiliated insurance companies. Clicking on “begin your free online flood insurance quote” will take you to these companies. We've searched for great providers with some of the best rates around, so you don't have to.
You can start a free online quote or call 1-800-INFINITY to talk with one of our friendly professionals about a flood policy that is right for you!
This material is for general informational purposes only. All statements are subject to the terms, exclusions and conditions of the applicable policy. In all instances, current policy contract language prevails. Products, services and discounts referenced herein are not available in all states or in all underwriting companies. Coverage is subject to individual policyholders meeting our underwriting qualifications and state availability.