Specifically, the core parts of your homelike the home foundation and the systems that keep it runningare typically covered. Generally, most of your house is covered by flood insurance. According to the Federal Emergency Management Agency (FEMA), from 2014 to 2018, policyholders outside of high-risk flood areas filed over 40 percent of all flood insurance claims and required one-third of federal disaster assistance for flooding.īecause Montgomery County participates in FEMA’s National Flood Insurance Program (NFIP), any property in the County is eligible to get federally-backed flood insurance through the NFIP. North Carolinas Digital Flood Insurance Rate Maps (DFIRM) enable business leaders and residents to more accurately predict flood hazards and prepare for. A flood insurance policy typically covers you if groundwater rises and floods your homea situation that isn't usually covered by homeowners insurance policies. If your property should flood, repairs may cost more than 50 of the value of your building or. A standard flood policy will cover structural damage. Homeowners Insurance Does Not Cover Damage Caused by a Flood. Flood insurance is not just for properties in high-risk areas near coastlines and along rivers and streams. You may purchase flood insurance covering up to 250,000 of flood damage to your home.

When just one inch of water in a home can cost more than $25,000 in damage, flood insurance can be the difference between recovery and financial devastation. Did you know that most homeowners insurance does not cover flood damage? Only flood insurance covers the cost of rebuilding after a flood.