The 411 on Flood Insurance

Fact: Floods are the most common and most costly natural catastrophe.

Reality: Most people don’t have flood insurance to protect them in the event a flood occurs.

With the recent flooding across the U.S., it’s a good time to remember that homeowners policies do not protect against floods. It only takes a few inches of water to cause substantial, costly damage to your home. Are you prepared if a flood occurs?

The 411 on Flood Insurance

Flood insurance is available for homeowners and renters alike. Homes, condos, apartments, mobile homes and commercial structures are all eligible to be covered by flood insurance. These policies not only cover the physical damage to the structure, but your possessions as well.

Flood Insurance vs Disaster Assistance

People often confuse flood insurance with disaster assistance. Disaster assistance is a loan that must be paid back and typically requires a presidential declaration. With flood insurance, you are in complete control. Claims are paid even if a disaster is not declared by the president and there is no payback requirement.  

Do You Actually Need Flood Insurance?

While flood insurance isn’t always a requirement, anyone can be susceptible to flood damage. According to FEMA, more than 20% of claims paid through The National Flood Insurance Program (NFIP) are outside of high-risk flood zones. The location of your property affects the level of risk (high, moderate, or low) for a flood, and your premium varies accordingly. Flood insurance is sometimes required for people who live in a certain flood zone and for those who have a mortgage on their home.

Don’t wait until the next storm before investing in a flood policy. In most cases, there is a 30-day waiting period from the date of purchase before coverage takes effect. Resources like, the official site of NFIP, are available to help you assess your risk and educate you on the benefits of flood coverage.

Where We’re Coming From

At Catto & Catto, we care about your well being and always aim to go beyond the call of a quick sale. Our goal is to educate our customers, employees, and the public about potential risks and prepare you in the event of an emergency. If you or anyone you know has any questions about flood insurance, please don’t hesitate to give us a call. We’re here and ready to help.

About the Author

Crystal Metzger
Personal Lines Director
Account Executive, CIC

Crystal joined Catto & Catto LLP in 2008. She holds a MAA in organizational leadership from the University of the Incarnate Word. Crystal is a native of San Antonio and has over 20 years of experience in the insurance industry. She is currently the vice president of the Independent Insurance Agents of Texas Association. 





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