What Are the Best Medicare Supplement Plans in Connecticut?
AARP/UnitedHealthcare sells the best Medicare Supplement plans in CT. Anthem has the cheapest Plan N. And if you qualify, USAA is a great... Read More
Flood Insurance
Flood insurance protects your home and belongings from damage caused by flooding. Regular home insurance doesn't typically cover flood damage.
You may need flood insurance if your home is in a high-risk flood area and you have a federally backed mortgage, like an FHA or VA loan.
How to buy flood insurance
- Through the government-backed National Flood Insurance Program (NFIP)
- Private insurance company
Until recently, private flood insurance was typically very expensive. But it may be a good option if you need more coverage than an NFIP policy can provide. [/column] [/column]
At ValuePenguin, our experts can help you decide whether you need to get flood insurance. We can also help you find the best and most affordable options for flood insurance.
Compare top NFIP insurance companies
The federal government runs the National Flood Insurance Program (NFIP). However, NFIP policies are sold by private insurance companies.
The average cost of an NFIP flood insurance policy is $82 per month or $985 per year.
However, flood insurance rates vary based on the state where you live, the style of your home and how close you live to a body of water.
Your quote for NFIP insurance will be the same regardless of which company sells you a policy.
So, you should focus on finding a company that offers excellent customer service when shopping for insurance from the National Flood Insurance Program.
You should consider getting flood and home insurance from the same company. It will make your life much easier if you have a major emergency and you have to file both a home and flood insurance claim.
An example would be if a hurricane causes wind and water damage to your house. Your homeowners insurance policy would pay for the wind damage, while flood insurance would cover the water damage.
Find Cheap Homeowners Insurance Quotes in Your Area
Best NFIP flood insurance companies for customer service
Frequently asked questions
What is flood insurance coverage?
Flood insurance is a special type of insurance that protects your home. It covers damage to your home and your personal property from flooding. Regular home insurance usually doesn't cover flood damage.
What is the difference between flood insurance and homeowners insurance?
Flood insurance protects your home and belongings from damage caused by flood water. Homeowners insurance protects against many other types of damage, like fire, smoke and vandalism. But most homeowners insurance policies don't cover flood damage.
What is the difference between NFIP and private flood insurance?
National Flood Insurance Program (NFIP) insurance is backed by the federal government. It's usually cheaper than private flood insurance. And the NFIP won't cancel your flood insurance policy after you make a claim.
Private companies typically offer higher coverage limits, which could be necessary if you have an expensive home or valuable items.
Flood Insurance Research & Advice
Does Medicare Pay for Wheelchairs and Scooters?
Medicare may pay for your wheelchair or scooter if you have mobility issues that limit your ability to move around your home. You must get... Read More
What Are the Best Medicare Supplement Plans in Ohio?
AARP/UnitedHealthcare is the best health insurance company for Medigap Plan G. Aetna is a good choice for Medigap Plan F, and Mutual of... Read More
What Is Medicare Supplement Plan A?
Medigap Plan A pays for some medical costs that Original Medicare doesn't. But you can get better coverage for about the same price with... Read More
What Does Medigap Cover?
Medigap policies help you pay for the costs that Original Medicare doesn't cover. You can choose from 10 plans that offer different levels... Read More
Little White Lies or Insurance Fraud? Americans Admit to Deceiving Insurers to Save Money
While just 9% of auto insurance and 15% of home insurance policyholders admit to committing insurance fraud, some don't realize filing... Read More
Is Therapy Covered by Insurance and How Much Does It Cost?
Most insurance plans cover therapy, but you usually need a mental health diagnosis. You'll likely pay some of your therapy costs, based on... Read More
4 Steps to Choose a Medigap Policy
The key steps in picking a Medigap policy are deciding the coverage you need and how much you're willing to pay. Consider Plan G for full... Read More
Best Cheap Medicare Advantage Plans in Washington
AARP/UnitedHealthcare has the best combination of cost and quality for Medicare Advantage plans in Washington. Molina Healthcare has the... Read More
Methodology
To find the average cost of flood insurance in the U.S., ValuePenguin studied data published by the National Flood Insurance Program (NFIP).