Homeowners policies
do NOT cover flood damage
- The average 30-year
mortgage has a 1% chance of fire, and a 26% chance of flood
loss
- Over half of
all recent flooding events have occurred in non-High Risk flood
zones
- Federal disaster
assistance is a loan, it averages $3,500 and it must be paid
back with interest
- Residential flood
insurance can be as inexpensive as shown below for non-High
Risk flood zones and credit cards are accepted.
| Building/Contents
Coverage |
Annual
Premium |
| $20,000
/ $8,000 |
$112 |
| $30,000
/ $12,000 |
$138 |
| $50,000
/ $20,000 |
$180 |
| $75,000
/ $30,000 |
$207 |
| $100,000
/ $40,000 |
$233 |
| $125,000
/ $50,000 |
$249 |
| $150,000
/ $60,000 |
$264 |
| $200,000
/ $80,000 |
$296 |
| $250,000
/ $100,000 |
$317 |
|
