How much does flood insurance cost?
The cost of flood insurance can vary depending on a number of factors including:
- Most importantly, your flood risk. Areas with a higher risk of flooding will have a higher flood insurance cost.
- The amount of possessions you’re protecting with your new flood insurance coverage.
- The type of property you are protecting; primary residence, nonresidential property or second homes.
Considering all of these factors, the average cost of flood insurance through the National Flood Insurance Program is about $700 per year3.
What to do if your home floods?
Put safety first. In the event of extreme flooding, get out. And seek a safe location immediately.
File an insurance claim by contacting your insurance company or agent.
Before you re-enter your home, make sure the building is structurally sound and not in danger of collapse.
