Flood Protection 101: Is my house in a flood zone?
Protect your home and wallet from flood damage
Is flood insurance worth it?
One of the best ways to protect your home and personal property against flood-related losses is to buy flood insurance. That’s because homeowners policies don’t cover damage caused by flooding. The average premium for flood insurance is around $700 per year, according to FEMA. However, insurance premiums vary by state and flood zone, meaning your monthly payments would likely be higher if you’re living in a high-risk area (Zones A or V).
A standard NFIP flood policy offers $250,000 in coverage for the structure and $100,000 in contents, and flood-relation claims filed through the NFIP pay out an average of $52,000 per household, FEMA reported. Without flood insurance, you may need to cover home repairs, property replacements and rebuilding costs completely out of pocket.