7 Reasons You Need Flood Insurance

Flooded streetYou’ve bought your new home, decorated each room and picked up an affordable home insurance quote. Now, it’s time to relax, right? Not so fast.

There’s a good chance you might need to consider flood insurance for your new investment. Or maybe you’ve lived in your home for years and never realized that GEICO can help you secure this essential protection. Even if you’re not living by a coast or a river, your home could still be located in an area susceptible to flooding.

If you’re interested in a better understanding of it, these facts from FloodSmart.gov shed light on why flood insurance is an incredibly important coverage:

  1. Flooding is the number one natural disaster in the U.S.
  2. Over the past five years, 75% of all federally declared disasters involved flooding.
  3. Everyone lives in a flood zone. Even if your mortgage company doesn’t require you to have flood insurance, you are still at risk.
  4. Over the past five years, 25% of all flood claims occurred outside of designated high-risk areas.
  5. Your standard homeowner’s policy does not cover flood damage.
  6. The average flood costs a consumer $55,000.
  7. Don’t wait until a storm is approaching: it takes 30 days for flood policy to take effect.

For more information on how GEICO can help you with flood insurance, visit geico.com/information/aboutinsurance/flood.

Has your home ever been flooded? Tell us about your experience below.

Visit geico.com to get a flood insurance quote in a few short minutes.

    Leave a comment

    Your email address will not be published. Required fields are marked *

  1. Faylinn says

    Last summer, I learned a lesson about how important it is to have flood insurance and to just be prepared. A good portion of my town was flooded due to weeks of rain storms and I didn’t have flood insurance, but I sure wished that I did after that happened. Our costs were under $55,000, but it was still a very expensive ordeal for us. What options do people have when they don’t have insurance and something happens?

  2. Jenkins Leroyson says

    We’re going to be moving to a new house and are wondering if flood insurance is something we should get. I didn’t know that flooding was such a prevalent natural disaster. It’s amazing that just that has caused so much damage. Maybe we should get it to make sure we protect our investment. Thanks for sharing this.

  3. William J. Mecher says

    what if…I live in an apartment building and theres a small fire in the neighbors apartment which set off the springler system in his apartment, but water entered my apartment thru the door and my carpet and furnurture is ruined does my Ins. pay for the damage and will flood insurance pay for damage and accomdations for me to live in a local motel? while repair is being done? what type Ins. do I need?

  4. James Defranco says

    I live up on a mountainous area and I highly doubt water will flood my house, at least not naturally! I’d still get insurance just in case there is flooding damage coming from some other water source. You never know when someone’s sprinkler system will break and pour water into your newly finished basement!

  5. Kent Nelson says

    This is very helpful information, and it has made me want to get flood insurance. I am in the process of moving to a new location for work, and it is prone to flooding. I think that I should be on the safe side, and get the proper insurance. Thank you for sharing.

  6. sean says

    I find it interesting that you say that everyone lives in a flood zone. The house I grew up on was on top of a hill and not near any lakes. Intuitively, you would think that this house would not be at risk of flood. However, water runoff from heavy rains and snow melting can be a flooding factor as well.