Almost any person or entity that owns property can benefit from getting a flood policy to supplement their other property insurance policy. Property owners cannot afford to be without protection in high-risk areas where flooding is common. In fact, people and businesses with property in certain high-risk areas may even be legally required to carry a flood policy. Property owners often still can benefit from flood coverage that don’t often flood. Flood policies for properties in low-risk areas are usually affordable, and they can provide important protection if a flood ever does occur. After all, few individuals and businesses could afford to fully recover from a flood with just their financial resources.

Yes, there is usually a waiting period before flood insurance coverage takes effect. It’s important to plan ahead, as the waiting period can range from 30 days to several days depending on the circumstances.

es, flood insurance policies often have deductibles, which are the out-of-pocket amounts the policyholder must pay before the insurance coverage kicks in. Deductibles can vary, and it’s essential to understand the terms of your policy.