What to Know about Flood Insurance: Is it Necessary?

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Think flood insurance is only for those living near rivers or coastlines? Think again. Every year, countless homeowners are blindsided by water damage caused by unexpected floods—in places they thought were safe. One heavy storm or blocked drainage system can turn a dry street into a waterlogged disaster zone. And without flood insurance? The cleanup could come straight out of your pocket.

Why Flood Insurance Matters More Than You Think

Flooding is the most common and costly natural disaster in the U.S., yet it’s also one of the most underinsured risks. Many homeowners assume their standard insurance policy covers flood damage—but it doesn’t. Flood insurance must be purchased separately, and without it, recovery can be financially devastating.

According to FEMA, just one inch of water in your home can cause over $25,000 in damages. From ruined floors and walls to destroyed appliances and mold remediation, the costs add up fast.

Understanding the Risk: Not Just a Coastal Problem

1. Flooding Can Happen Anywhere

While high-risk flood zones are more likely to experience flooding, over 20% of flood claims come from moderate-to-low-risk areas. A sudden storm, overflowing storm drains, or rapid snowmelt can flood neighborhoods that have never seen high water before.

Even if your home is outside the designated flood zone, you’re still at risk—just at a lower statistical level. Unfortunately, many people in these areas don’t carry flood insurance, believing it’s unnecessary.

2. Standard Homeowners Insurance Doesn’t Cover Floods

This is one of the biggest misconceptions among homeowners. Damage from rain entering through a roof or window might be covered—but groundwater entering your home is not. That means water seeping into your basement or flowing through the doors during a flash flood isn’t included in most policies unless you have specific flood coverage.

How Flood Insurance Works

Flood insurance can be purchased through the National Flood Insurance Program (NFIP) or from private insurers. Policies generally cover:

  • Structural damage to your home

  • Electrical and plumbing systems

  • Appliances like water heaters, furnaces, and refrigerators

  • Permanently installed carpeting and flooring

  • Foundation walls and staircases

You can also buy separate contents coverage to protect your belongings.

Keep in mind: There’s typically a 30-day waiting period before flood insurance takes effect—so don’t wait until a storm is forecasted.

The Cost of Being Unprepared

Without flood insurance, the full cost of repairs, replacements, and temporary housing may fall on you. While some federal disaster assistance may be available, it often comes in the form of low-interest loans—not grants—and only applies if a disaster is officially declared.

In contrast, flood insurance can provide the funds to help you recover quickly and safely, without accumulating debt or draining savings.

Don’t Wait Until It’s Too Late

Floods are unpredictable, and the cost of being unprepared can be overwhelming. Whether you live in a high-risk area or a neighborhood that’s never flooded before, flood insurance is a smart, protective investment.

You can experience the benefits of being a part of a full-service Independent Insurance Agency today! Simply contact Briggs Agency, Inc. if you are interested in an insurance review at 219-769-4840 or visit our website at www.BriggsAgency.com. We look forward to hearing from you!

Blog post written by: Caden Gliva