Two inches of water can cost you $7,800. Flooding occurs in every state and can occur any time of the year. Even if you live far from the coast or river, floods can be caused by factors such as heavy rain, melting ice and snow, too few or clogged storm drains, and densely built housing and/or commercial developments.
National Flood Insurance Plan (NFIP) premium rates are set nationally and do not differ from company to company or agent to agent. These rates depend on many factors, which include the date and type of construction of your home, along with your building’s level of risk. We also have private flood insurance markets that can be less expensive than the National Flood Insurance Plan rates and may offer additional coverages, such as additional living expenses and excess flood.