Flood Insurance

A disaster can happen to anyone, anywhere, at any time. With changing weather patterns increasing the risk of flooding, homeowners and businesses everywhere are at risk. Don’t wait for a storm to hit.

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Stay Afloat with Flood Insurance

Did you know that flood losses are NOT covered by your standard home or business property insurance policy? Two-thirds of consumers with homeowners and renters' insurance incorrectly believe their current policy covers flood-related damage to home structure or contents, according to a recent Selective survey.

Only a specific flood insurance policy will cover home or business flood-related losses. Flood damage can be devastating and just because you don’t live in a high flood risk area, doesn’t mean it will never happen to you. Within the 100 counties most affected by power outages related to Hurricane Helene, approximately only 2% of residences had flood insurance, according to an NBC News analysis of PowerOutage.us, U.S. Census Bureau and National Flood Insurance Program (NFIP) policy data gathered by insurance company Neptune Flood.

Almost 25% of all flood insurance claims come from areas in low- to moderate-risk flood zones.

Floods can be caused by:

Flash floods
Rainstorms
Hurricanes
Melting snow or ice
River flows
Tidal surges
Water back-up caused by inadequate or overflowed draining systems

Flood FAQ

What is the average cost for flood insurance? The average cost of the National Flood Insurance Program is $707 per year according to the latest data provided by the Federal Emergency Management Agency.

The amount you will pay varies and is based on several factors, including:

Your coverage amounts and type of coverage (federal government or private)
The home’s age and build of your home
Your home’s location
Your home’s flood zone or risk
Location of your home’s lowest floor and relation to the base flood elevation

While flood insurance in high-risk areas may be more expensive, it’s a worthy investment when you factor in the potential cost of being uninsured.

Just 1 inch of water can cause $250,000 of damage to your home.
According to FEMA, 90% of all-natural disasters in the U.S. involve some type of flooding.

Is flood insurance required?

Mortgage lenders may require flood insurance coverage if your home is in a high-risk flood area and if it’s secured by a federally backed mortgage.

It is highly recommended that homes in moderate to low-risk areas still purchase flood insurance because floods can happen anywhere, and coverage can often be very affordable.

To help you understand the different flood risks in your community, click here to view your local flood map.

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You may also call (901) 753-4323 to speak to an agent. Requesting a quote is not a guarantee of coverage. All coverages are subject to the terms, conditions, and exclusions of the actual policy issues. Not all policies or coverages are available in every state.

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