Flood Insurance partnership with the NFIP
What you should know
About flood insurance
- A homeowners policy does not protect against loss or damage from a flood.
- According to the National Flood Insurance Program (NFIP), nearly 20% of flood insurance claims come from moderate to low-risk areas of the country, meaning there are far more people at risk than you might think.
- Only a few inches of water is all it takes to cause major damage to your property
How to prevent flood damage
- Install backflow valves or standpipes.
- Landscape with native plants and vegetation that resist soil erosion.
- Maintain a sump pump system if you have below-grade floors.
- Install flood shields or built-up barriers for basement windows and doors.
- Raise your washer and dryer, water heater, oil tank, furnace or any electrical wiring on concrete blocks, above the base flood elevation.
Flood insurance FAQs
Is flood insurance expensive?
Flood insurance is affordable, and less than you might expect. Contact your Liberty Mutual representative who can provide you with a no-obligation rate quote. You can also visit FEMA's website for a chart of estimated premiums and additional information.
How quickly does my policy go into effect?There is usually a 30-day waiting period before a flood insurance policy can become effective.
Doesn't federal disaster assistance pay for flood damage?
Federal disaster assistance is only available if the President declares a disaster, and more than 90% of all disasters are not Presidentially declared. Even when a disaster is declared, government assistance is provided as a loan that you must pay back with interest. Flood insurance, however, will cover damages even if a disaster is not declared.
I don't live near water—do I need Flood Insurance?Floods are the most common natural disaster in the United States. In fact, your home is more likely to be damaged from flood than from a fire. Floods are caused by storms, melting snow, hurricanes, and water backup due to inadequate or overloaded drainage systems, dam or levee failure.