Do You Need Flood Insurance?

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Here are some important facts to keep in mind:

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• FACT: Homeowners and renters insurance does not typically cover flood damage.

• FACT: More than 20 percent of flood claims come from properties outside high-risk flood zones.

• FACT: Flood insurance can pay regardless of whether or not there is a Presidential Disaster Declaration.

• FACT: Disaster assistance comes in two forms: a U.S. Small Business Administration loan, which must be paid back with interest, or a FEMA disaster grant, which is about $5,000 on average per household.  By comparison, the average flood insurance claim is nearly $30,000 and does not have to be repaid.