If a natural disaster strikes, flood insurance can help you rebuild faster.
The right policy can provide much-needed funds after a flood.
Most Standard Home Insurance Policies Do Not Cover Flooding
Homeowners insurance policies have their limits — and flooding is usually excluded. Flood-related water damage could quickly add up to a major expense. Flood insurance can provide peace of mind and help protect your finances.
What is Flood Insurance?
Flood insurance adds an extra layer of protection, which can go a long way if you live in an area that’s prone to flooding. You can purchase it as a standalone policy or add it as a rider to your existing home insurance policy. This can help ensure that your home is covered if you’re hit with flood-related water damage. Matic can do the heavy lifting and make it easy to find the right flood insurance policy for your needs.
What Does Flood Insurance Cover?
Here are some examples of what flood insurance typically covers:
That includes your foundation, flooring and cabinetry, as well as your home’s major foundations — think electrical systems, plumbing, and HVAC systems.
Limits apply, but flood insurance can help you replace personal belongings that are damaged or destroyed in a flood. Furniture, clothing, electronics, certain appliances, and even lost food are usually covered.
What Isn’t Covered Under Flood Insurance?
Most flood insurance policies exclude the following:
- Water damage caused by something that isn’t a flood, like a sewer backup or burst pipe
- Outdoor property like decks, fences, pools and patios
- Motor vehicles
- Landscaping
- Stock certificates
- Detached structures like a shed
- Mildew, mold or water damage that could have been prevented (i.e., water damage from a flood that causes mold)
- Property below your main level (i.e. in the basement) — though you may be able to add a rider for this coverage
Common Questions About Flood Insurance
How much does flood insurance cost?
The answer depends on where you live and how likely you are to experience a flood. The level of coverage, deductible amount, and age of your home will also come into play. At Matic, we make it simple to compare policies and find a price point that works for your budget.
How do I know if I need flood insurance?
Your mortgage lender may require some level of coverage if you live somewhere that’s vulnerable to flooding. Even if it isn’t required, opting for flood insurance can allow you to rest easy knowing that your home and finances are protected. That’s no small thing — especially since flooding is happening more frequently along much of the U.S. coast.
Even areas that haven’t been prone to flooding in the past have been impacted in recent years. Case in point: In 2024, Hurricane Helene ripped through the Appalachian Mountains, leaving catastrophic flooding in its wake. In other words, flood insurance can be a good idea even if you aren’t in a coastal zone. Matic can do the heavy lifting, connecting you to flood insurance providers in a matter of minutes.
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