Flood Insurance

  • Overview
  • What It Covers
  • Learn
  • FAQs
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Anywhere it can rain, it can flood. If you live on a hill or in an area that has never been flooded, you may still be at some level of risk.

Flooding can be caused by heavy rains, melting snow, inadequate drainage systems, failed flood control structures such as levees and dams, as well as tropical storms and hurricanes. It is important to understand the flood risks you face before deciding whether to purchase flood insurance.

Everyone lives in a flood zone. Flood zones indicate areas of low, moderate and high risk. In low- and moderate-risk zones flooding can still occur. The risk is reduced but not removed. The fact that a flood hasn't occurred in recent years does not mean that one hasn't happened in the past or that one will not happen in the future. But flood history is only one element used in determining flood risk. Determinations are also based on evaluating your community's rainfall and river-flow data, topography, tidal surge, flood control measures, and building development (existing and planned).

Using such data, flood hazard maps have been created for most of the nation. These maps show the locations of low-, moderate- and high-risk zones. Note that in some areas of the U.S., a flood hazard study has not yet been conducted. Using these flood hazard maps, your insurance agent can help you determine your risk level and provide you with the flood insurance coverage that is right for you.

Basic Coverage
Insures residential buildings (buildings with 1 to 4 families) and/or contents, residential condominium units, manufactured homes, and renters contents.
Personal Property
If you have purchased personal property coverage, we insure against direct physical loss by or from flood to personal property inside a building at the described location,
Debris Removal
We will pay the expense to remove non-owned debris on or in insured property and owned debris anywhere.

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions expressly stated in any contracts of insurance. Please contact Carroll Steele Insurance and talk to one of our Insurance Specialists to get a full understanding of the coverages available and what might be the best for your specific needs.

Flood Insurance 101

You don’t need to live near water to be at risk from flooding.

You don’t need to live near a river or other large body of water to be at risk for flood damage to your home. Flooding can occur just about anywhere. And like fire, flooding is a common and widespread natural disaster. Hurricanes, melting snow and heavy rains are some common causes of flooding.
  • Most homeowners insurance does not cover flood damage.
  • You don't have to live near water to be at risk from flooding. Almost 25% of flood claims come from low-to-moderate risk areas.
  • If your home is in a high-risk area, you have a one in four chance of being flooded in a 30-year period, and your home is four times as likely to be damaged by flooding than fire.

Only Flood Insurance Covers Flood Damage

  • Contents coverage is separate, you must request separate contents coverage to insure your belongings.
  • Coverage is available for homeowners with limits up to $250,000 for structures, and $100,000 for contents.
  • People who face even moderate flood risks should get insurance, which can be purchased for as little as $80 per year.

Federal Facts

  • Federal disaster assistance is only available if the President declares a disaster, and less than 50% of all floods are declared disasters.
  • Federal disaster loans must be repaid with interest. The interest alone may cost more than the average annual flood insurance premium.
  • Flood insurance that is purchased through the National Flood Insurance Program (NFIP) is backed 100% by the federal government.

Flood Insurance Facts

  • Flood insurance pays regardless of whether or not a disaster is declared.
  • Your mortgage payments don't stop, even if your home is destroyed by a flood.>
  • Flood insurance is affordable. Flood losses are not.
Frequently Asked Questions
What Are Flood Zones?
Flood zones are land areas identified by the Federal Emergency Management Agency (FEMA). Each flood zone describes that land area in terms of its risk of flooding. Everyone lives in a flood zone—it's just a question of whether you live in a low, moderate, or high risk area.

If you have a question that isn't answered here please submit it to us using our Ask An Expert forum!

Coming soon!

For now email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or call 978.283.5100. Even fax us the details at 978.281.0473 and we'll provide you a quote!

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