As weather systems and storms grow more frequent, more severe — and wetter — more areas that were once considered safe from flooding are now exposed.
That puts many homeowners in a quandary. They may live in an area that’s considered low risk by the Federal Emergency Management Agency and their mortgage lender didn’t require insurance as a condition of their home loan. But if their home were to be flooded, their homeowner’s insurance won’t pay for the damage.
As more areas outside of FEMA-designated flood zones experience flooding, homeowners need to consider their risk and whether they should consider purchasing flood insurance. After all, the standard homeowner’s insurance policy will not cover damage from floods.
You can check your property’s flood risk here. Flood Insurance Important as Storms Grow More Intense