Flood Insurance

Myth: "It won't happen to me."
    You don't have to live by water to be at risk. About 30% of al flood claims occur in low to moderate-risk areas.
Everyone lives in a flood zone.
    You don't need to live near water to be flooded. Floods are caused by storms, melting snow, hurricanes, and water backup due to inadequate or overloaded drainage systems.
Flood damage is not covered by homeowners policies.
    You can protect your home, business, and belongings with flood insurance from Farmers -- up to $250,000 for the building and $100,000 for contents.
You can buy flood insurance no matter what your flood risk is.
    Flood insurance is a good buy even in low or moderate risk areas. Almost 25 percent of all flood insurance claims come from low- to moderate-risk areas.
There is a low-cost policy for homes in low to moderate risk areas.
    The Preferred Risk Policy is available for just over $100 a year. You can buy up to $250,000 of coverage for your home and $60,000 of coverage for your contents.
Flood insurance is affordable.
    • Flood insurance is affordable. The average flood insurance policy costs about $300 a year for $100,000 of coverage. In comparison, a disaster home loan for $50,000 can cost you more than $300 a month over 20 years.
Contents coverage is separate, so renters can get flood insurance.
    Up to $100,000 contents coverage is available for homeowners and renters.
There is usually a 30-day waiting period before the coverage goes into effect.
    Plan ahead before the flood threat.
Federal disaster assistance is not the answer.
    Federal disaster assistance is only available if the President declares a disaster. 9 out of 10 disasters in the United States are not declared by the President.