Buying a Vacation Home? Homeowners Insurance Does Not Cover Flooding

Joseph Coupal - Monday, July 30, 2018
Lallis and Higgins - Insurance

In the wake of summer storms, many homeowners are surprised to learn that their homeowners insurance policies does not cover damage caused by flooding. It should be one of the big lessons: Know what your insurance policy covers – and what it does not.

Looking forward, do you need flood insurance? According to, nearly 25% of flood insurance claims come from moderate-to-low risk areas. It doesn’t take a major body of water or a significant storm to cause flooding. A flood can occur as a result of a slow-moving rainstorm, snow melt, land development runoff, and more.

A common argument against flood insurance is that federal disaster assistance will be available when flooding occurs. This is not always the case, and when it is, federal disaster assistance may still cost more than flood insurance. Federal disaster assistance is only offered when a disaster is federally declared, and it usually comes in the form of a loan with interest.

If you’re interested in protecting your home with flood insurance, call you local agent at Lallis & Higgins Insurance who can help you purchase a policy through the National Flood Insurance Program. We can help you fully understand your coverage options and can continue to advise you as your needs change.

The best time to buy flood insurance is now. Policies do not take effect until 30 days after purchase. 

 Source: Plymouth Rock

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