Should You Consider Flood Insurance if You’re Not in a Flood Zone?

Flooding is a common natural disaster in the United States, yet only 1 in 7 Americans have flood insurance. By paying a monthly premium for flood coverage, you’re not just purchasing peace of mind; you’re potentially saving yourself from substantial out-of-pocket expenses after a disaster strikes.

Here’s why flood insurance is a smart investment, even if you don’t live in a flood zone:

Homeowners’ Insurance Doesn’t Cover Floods

Your standard homeowners’ or renters’ insurance won’t cover flood damage. If you’re renting, your landlord might have flood insurance on the building, but that doesn’t cover your personal belongings. Having your own flood insurance ensures that your possessions are protected.

Federal Disaster Aid Is Limited

Federal disaster funds only become available if the president declares an official disaster, which doesn’t happen for every flood. Even when federal aid is available, it’s often in the form of a loan that must be repaid, with interest. Grants are sometimes offered, but they max out at $34,900, which may fall short of your needs in a significant flood.

Flood Risks Aren’t Confined to High-Risk Areas

Even if you’re outside a designated flood zone, you’re not entirely safe from flooding. In fact, people living outside high-risk areas file around 40% of National Flood Insurance Program claims. And about 20% of these claims come from areas with moderate to low flood risk.

Flooding Is Expected to Increase

With more frequent and severe storms, hurricanes, high tides, and heavy rainfall, the likelihood of flooding is increasing—especially in coastal states like North Carolina. Climate trends suggest that this is a growing problem.

The Financial Impact Can Be Severe

Just six inches of floodwater can result in $50,000 worth of damage, while a foot of water can lead to $75,000 in expenses. FEMA estimates that each inch of floodwater can cost around $25,000. Flood insurance can be a critical safety net, helping you recover from potentially overwhelming costs.

Invest in Flood Insurance Today

At Eastern Carolina Insurance, we’re dedicated to helping you protect your home and family. Even if you’re not in a designated flood zone, flood insurance is a wise investment, particularly in eastern North Carolina. Contact us for a free quote and learn how we can help you safeguard your future.