When Does Medicare Cover Acupuncture?
Medicare covers acupuncture only for the treatment of low back pain. Benefits can vary depending on your Medicare... 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
Top 5 Disadvantages of Medicare Advantage Plans (+ 5 Benefits)
Medicare Advantage plans have serious drawbacks, including restrictions on what doctors you can use and issues with coverage. But plans can... Read More
Christmas Is More Dangerous for Drivers Than Thanksgiving
A ValuePenguin analysis of both holidays shows 64% of fatal crashes happen during Christmas, with nearly one-third in both periods... Read More
45% of Insured Americans Considering Health Insurance Changes During Open Enrollment
High prices are a motivation for 27% changing coverage, as 40% of people struggled with their out-of-pocket costs last... Read More
Residents in Places With the Worst Air Quality Pay More for Health Insurance and Care — Despite Similar Incomes
In states where good quality air days are more frequent, health insurance costs are 9%... Read More
The Birthday Rule for Health Insurance: Why it Matters?
The birthday rule determines which insurance provides primary coverage when a child is covered by two health insurance plans.... Read More
51% of Americans Texting More Over the Past Year, Outpacing Other Communication Methods
Consumers are more comfortable using their phones to communicate directly with brands and... Read More
Best Cheap Medicare Advantage Plans in Florida
AARP is the best Medicare Advantage company in Florida. Simply Healthcare is the best for $0 plans, and Aetna is good for added benefits... Read More
1 in 8 Fatal Car Crashes in the Past Decade Involved the Youngest Drivers
41,187 drivers ages 15 to 20 were behind the wheel in these crashes from 2010 to... 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).