What You Need To Know About Flood Insurance

 In Baltimore Homeowners Insurance, Baltimore Maryland Insurance Agency, Flood Insurance

Floods are the most common natural disaster in America, and they are excluded from almost all homeowner insurance plans. In fact, in the past five years alone all 50 U.S. states have experienced floods.

Flood insurance is the best way to protect yourself from the financial setbacks of a flood. Even if you don’t live in a flood-prone area, you should still consider purchasing a flood insurance policy.

What Is Flood Insurance?

Flooding is generally defined as an overflow of water that submerges land that is normally dry. Flood insurance is a standalone insurance policy to protect your home and belongings from any damage resulting from a flood.

Flood insurance can cover damages caused by external events such as storms, heavy snowfall, overflowing storm drains, levees, etc. It is widely available to individuals and businesses across the nation, whether or not they’re in a flood zone.

Types of Flood Insurance

Flood insurance is primarily offered through the National Flood Insurance Program (NFIP), as well as private insurance companies. NFIP provides two types of coverage:

  • Building Coverage
    Building coverage is the main component of flood insurance and is mandatory when purchasing flood insurance. It covers your building, its foundation, built-in appliances, electrical and plumbing systems, and any attached structures—subject to certain restrictions.
  • Contents Coverage
    Contents coverage is an optional coverage option. It protects your belongings in case of water damage including your clothing, furniture, home decor, and portable machines like microwaves, washers, and dryers. The extent of the belongings covered depends on the policy limits and other restrictions.

Private insurance companies may provide more flexibility than the NFIP in terms of flood insurance. They can provide different coverages or higher limits so you can find the right coverage for your needs.

What Is Not Covered by Flood Insurance?

Like any insurance policy, flood insurance also has certain exceptions:

  • Avoidable damage such as moisture, mold, or mildew
  • Damage caused by movement of the earth, even if it is due to a flood
  • Damage to property outside of the building—landscape, patios, decks, pools, fences, etc
  • Water damage from internal sources such as burst pipes or failed sump pumps
  • Loss of access to the insured property
  • Financial losses from loss of use of the insured property
  • Additional living expenses from displacement
  • Currency, important documentation, and precious metals
  • Vehicles and their parts

Some of these may be covered by homeowners insurance or auto insurance, depending on your coverage. Standard flood insurance packages can also provide limited coverage for basements and crawl spaces, so make sure to properly assess your needs.

When Is the Best Time to Get Flood Insurance?

Flood insurance typically has 30 day wait before the coverage becomes effective, so the best time to buy is RIGHT NOW.

The best time to protect yourself from a potential flood is before it happens. Taking the time to understand your needs and coverage options will give you the financial protection you need. Even if your home isn’t in a high-risk area, 99% of all U.S counties have experienced floods, so it’s best to take the necessary precautions.


Floods can be catastrophic, but with Luray Insurance of Baltimore, you can be prepared. We provide comprehensive flood insurance so you can have the peace of mind you deserve. Request a quote, or call us at 410-602-2636 to see how we can help you.

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