Pfenninger, Claxton, & Estelle Insurance Group

Flooded homeTechnically, a flood can affect any home. However, some homes are at a much higher risk of flooding than others.

Floods can cause severe damages to high-risk homes. The relative unpredictability of flooding means that homes could frequently suffer devastation.

The standard home insurance policy doesn’t include coverage for flood damages. Many homeowners purchase flood insurance for high-risk homes. Flood insurance can protect the property and its possessions in case of water damage.

Determining a Home’s Risk Levels

A variety of factors determine a home’s risk level for flood. Flood maps are one of those factors. The Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP) issue these maps to help localities plan local flood prevention measures. Homeowners also have to abide by flood maps when purchasing or building homes.

If a flood map notes a piece of property as a high risk, homeowners usually have to buy flood insurance for that home. This is usually a requirement by law. Insuring high risk homes helps homeowners prevent extreme damages given the high threat.

Flood Insurance

Flood insurance is specifically geared to protect homes from natural flooding disasters. These policies may protect the home, business, or other structures on the property. They may also protect personal belongings and some personal injury risks.

Nonetheless, flood insurance doesn’t cover all risks or all possessions. Your vehicle and other items of property may not have coverage under this policy. However, high-risk properties stand to enjoy the financial benefits of flood insurance coverage.

Additional Protections for High-Risk Homes

If you live in a home that is high-risk for flooding, there are steps you can take to protect your home:

  • Follow all local zoning and construction ordinances. This will help make sure you meet all qualifications for flood insurance.
  • Build the home on elevated ground. This will raise the home out of the way to give it some height above potentially rising flood waters.
  • Landscape drainage ditches and paths around the home. You may also be able to construct special levees on the property to keep water out. Ensure that you reinforce any natural barriers periodically to prevent erosion.
  • Build elevated floors and wash zones into the home. This may allow potential flood waters to pass under the home without flooding.

By utilizing proper construction, you can reduce flood risks to your high-risk home. Correct insurance can also protect your finances should you experience a flood.

Get in touch with us today. We can help develop a flood insurance policy to meet your needs. Give us a call at 317.398.9797 for more information on Muncie IN flood insurance.

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