Why You Need Flood Insurance If You Live In Baltimore

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

You may think you do not need flood insurance, but did you know that in the past five years, all 50 states have experienced floods or flash floods? As sea levels rise and weather patterns change, flood risk will increase. At present, about 13,745 properties in Baltimore are at risk of flooding, which results in an annual cost of over $2.2M in damages. Within 30 years, that number will increase to about 15,417 properties and $2.6M in damages.

Just because your home has never flooded in the past, does not mean it won’t in the future. Homes located in the Baltimore “Special Flood Hazard area” (SFHA) are especially at risk and should have some type of flood insurance. To check if your property is in the SFHA, try locating your property on the Federal Emergency Management Agency’s (FEMA) Flood Insurance Rate Maps (FIRMs). However, up to 25% of all flood insurance claims paid by the National Flood Insurance Program (NFIP) are for properties outside of SFHAs.

Having insurance can mean the difference between saving your home or losing it to flooding. The damage to your property can be tens of thousands of dollars with just one or two inches of water. In fact, in the past 10 years, the average residential individual assistance claim payout was $3,500, and the average NFIP claim payout was $14,900.

If you’re still wondering if you need flood insurance, here are a few facts to help you make up your mind.

You Are More Likely to Experience a Flood Than a Fire

If you live or work in high-risk areas, flooding is more likely than a fire. According to the NFIP, you are 27 times more likely to experience a flood than a fire during a 30-year mortgage term.

Small Amounts of Water Can Do a Whole Lot of Damage

Did you know that even an inch of water can cause significant property damage? Or that two feet of water can sweep a car away? Small amounts of water, in addition to catastrophic situations including flash floods, can create 10–20 foot walls of water, causing serious damage.

Rain and Hurricanes Are Not the Only Causes of Flooding

Among the weather scenarios that can also cause flooding are mudslides, winter storms, and melts. Water can also flood when drainage systems, and/or flood-control devices such as levees and dams fail.

NFIP Doesn’t Cover Everything

Moisture, mildew, and mold are not covered by NFIP flood insurance. Additionally, it does not cover currency, precious metals, or valuable papers. Further, any belongings outside the structure are not covered (including cars), nor are temporary housing expenses or financial losses resulting from the interruption of a home business. Basements have limited coverage regardless of the zone.


Don’t take a chance with Mother Nature. Talk to a Luray & Associates Inc. insurance agent about obtaining flood insurance today. If you should have questions regarding Flood Insurance, or we can assist you with a quote, please feel free to contact our office at 410-602-2636 or fill out a contact form online.

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