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Flood Insurance – 10 Facts you should know

By March 21, 2019May 3rd, 2021Personal Insurance
Flood Insurance for homes in the Upper Valley of NH and VT

Flood insurance provides coverage for flood damage to your home or property. Many people do not know that their homeowners’ insurance does not cover floods. Springtime brings rising waters from melting snow-pack and excess rainfall, causing potential flooding throughout New Hampshire and Vermont. Homeowners are not immune to the damage caused by floodwaters even if you don’t live in a flood zone.

Here are some facts about floods to put it in perspective.
  1. Since 2005, New Hampshire has had three floods that were declared national disasters.
  2. New Hampshire has a history of over 40 floods throughout the state 16 were declared major disasters by FEMA.
  3. Homeowners’ insurance excludes flood damage to your home or property. Instead, the National Flood Insurance Program (NFIP) provides flood coverage for homeowners.
  4. 1 in 4 flood claims made is by people who live outside designated flood zones.
  5. It offers coverage for your structures and their contents.
  6. There are limits to the amount of coverage available. For coverage beyond standard policy limits, you will need to purchase excess insurance.
  7. Purchase through your insurance agent.
  8. Flood insurance does not cover flood damage to your car. You will need an auto policy with comprehensive auto coverage for that. 
  9. It takes at least 30-days to become active. It’s best to plan to get flood insurance before flood season.
  10. According to the NFIP, the average premium is $700. The cost will fluctuate according to the risk.
Are you at risk of flood damage to your home or property?

Floods and floodwaters have the potential to cause devastating damages that are incredibly costly to property and homes throughout our region. Even if you don’t live in a flood zone, you may still be at risk. Contact your insurance agent to discuss the National Flood Insurance Program.

To consult with an insurance advisor, call 800-392-6532 or email

This article is for informational purposes only. Insurance needs and coverages vary; therefore, the terms of your policy will be specific to your situation. We recommend that you discuss your insurance needs with a licensed agent for details on pricing, coverages, and exclusions.