FEMA Says It’s Time to Sign Up for Flood Insurance

With recent reports from the National Weather Service that flooding is a strong possibility in various parts of the country, FEMA is saying that it’s time to sign up for flood insurance now. Because of the steps it takes to secure the insurance coverage, FEMA advises that if you need it, now’s the time to get the ball rolling.

Why Signing Up for Flood Insurance is Important

Many don’t realize that flood damage is not covered in a homeowners insurance policy. This results in an unfortunate financial surprise when a flood destroys belongings or the home itself and they realize that their insurance company won’t come to their rescue.

Signing up for flood insurance is usually handled through your current homeowners insurance company. While flood insurance prices for coverage vary, they can go as high as $3,000 per year.

The reason, FEMA (Federal Emergency Management Agency) asks that homeowners get their policies now is because it often takes around 30 days for the insurance to become effective.

Everyone Lives in a Flood Zone

One thing that FEMA wants homeowners to know is that just because they are not listed on a floodplain map as residing in a high-risk zone doesn’t mean they’re prone to floods. Any area could be flooded with a bad storm, which is why it’s best to be prepared.

If you’re not sure of the level of risk for the area in which you reside, visit FloodSmart.gov for more information.