It never floods where I live. Is flood insurance worth the cost if I don’t live in a flood zone?

Floods are responsible for property damage, human and livestock loss, landslides, erosion, and more. As a result, flood insurance is beneficial in many ways. Even areas that aren’t prone to flooding aren’t exempt from the possibility of a flood. This is why investing in flood insurance may be a good idea. Our Insurance & Financial Services Inc. team is committed to educating Baton Rouge, LA residents on the impact of floods and the benefits of flood insurance. 

What is Flood Insurance?

Flood insurance is designed to provide financial coverage for the repair or replacement due to damage and property loss resulting from flooding. Flood insurance typically covers your home, auto, appliances, structures on your property, electrical and plumbing damage, and more. Typically, an insurance representative will determine your risk factors for flooding based on your geographical location and its flood history. Topographical maps are commonly used to gauge your area’s susceptibility to flooding. 

It never floods where I live. Is flood insurance worth the cost if I don’t live in a flood zone?

Perhaps. Many floods occur in places considered at low risk for flooding. Moderate or low-risk areas aren’t exempt from the possibility of flooding. As a result, it may be a wise choice to invest in flood insurance. The National Flood Insurance Program (NFIP) reports that at least forty percent of all flood claims come from moderate or low-risk areas. If you are interested in learning more about flood insurance, call us. We’d be happy to answer your questions.