Can You Use Health Insurance in a Car Accident?
Health insurance will cover medical costs in a car accident, but you should use your PIP or MedPay car insurance coverage first. They'll... Read More
Flood Insurance
Flood insurance protects your home and belongings from damage caused by flooding. Regular home insurance doesn’t typically cover flood damage.
You may need flood insurance if your home is in a high-risk flood area and you have a federally backed mortgage, like an FHA or VA loan.
How to buy flood insurance
- Through the government-backed National Flood Insurance Program (NFIP)
- Private insurance company
Until recently, private flood insurance was typically very expensive. But it may be a good option if you need more coverage than an NFIP policy can provide. [/column] [/column]
At ValuePenguin, our experts can help you decide whether you need to get flood insurance. We can also help you find the best and most affordable options for flood insurance.
Compare top NFIP insurance companies
The federal government runs the National Flood Insurance Program (NFIP). However, NFIP policies are sold by private insurance companies.
The average cost of an NFIP flood insurance policy is $82 per month or $985 per year.
However, flood insurance rates vary based on the state where you live, the style of your home and how close you live to a body of water.
Your quote for NFIP insurance will be the same regardless of which company sells you a policy.
So, you should focus on finding a company that offers excellent customer service when shopping for insurance from the National Flood Insurance Program.
You should consider getting flood and home insurance from the same company. It will make your life much easier if you have a major emergency and you have to file both a home and flood insurance claim.
An example would be if a hurricane causes wind and water damage to your house. Your homeowners insurance policy would pay for the wind damage, while flood insurance would cover the water damage.
Find Cheap Homeowners Insurance Quotes in Your Area
Best NFIP flood insurance companies for customer service
Frequently asked questions
What is flood insurance coverage?
Flood insurance is a special type of insurance that protects your home. It covers damage to your home and your personal property from flooding. Regular home insurance usually doesn’t cover flood damage.
What is the difference between flood insurance and homeowners insurance?
Flood insurance protects your home and belongings from damage caused by flood water. Homeowners insurance protects against many other types of damage, like fire, smoke and vandalism. But most homeowners insurance policies don’t cover flood damage.
What is the difference between NFIP and private flood insurance?
National Flood Insurance Program (NFIP) insurance is backed by the federal government. It’s usually cheaper than private flood insurance. And the NFIP won’t cancel your flood insurance policy after you make a claim.
Private companies typically offer higher coverage limits, which could be necessary if you have an expensive home or valuable items.
Flood Insurance Research & Advice
What is the Minimum Car Insurance Required in Your State?
Each state has a minimum car insurance coverage amount required for drivers. But those minimums vary greatly across the country.... Read More
How Much Does Lasik Eye Surgery Cost?
Lasik eye surgery costs an average of $2,632 per eye. The best ways to save are by using a discount through your insurance and paying with... Read More
What Is Mechanical Breakdown Insurance, and Should I Get It?
Mechanical breakdown insurance covers your vehicle's repairs in the event of a major breakdown outside of an accident.... Read More
The Best (and Worst) College Towns to Have a Car
We evaluated college towns around the nation to find out which were the best and worst for keeping a car. Some of our findings include our... Read More
What is Condo (HO6) Insurance? What Does it Cover?
Condo insurance offers walls-in coverage for your condo's structure, along with personal liability protection, personal property coverage... Read More
Do You Need Motorcycle Insurance?
Motorcycle liability insurance is required in all states in the U.S. except Florida. Here are the limits for each state and other details... Read More
Dirt Bike Insurance
Dirt bikes are typically covered by motorcycle insurance and should have their own policy, especially if they are street legal. They... Read More
ATV Insurance: What Does It Cover and How Much Is It?
ATV insurance costs less than $100 per year for basic coverage and can pay for injuries and property damage caused by ATV crashes. It's an... Read More
Methodology
To find the average cost of flood insurance in the U.S., ValuePenguin studied data published by the National Flood Insurance Program (NFIP).