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Flood Insurance


Investing in flood insurance is the only way to thoroughly protect your home and belongings from damage caused by a flood.

Flood insurance adds an important layer of protection for you because damage caused by flood is not covered under a standard homeowners policy.


Flood Insurance is the only way to help you mitigate the risk of water damage from winter and spring floods.


One objection we consistently hear is that flood coverage is not needed because disaster assistance from the federal government will bail you out. That is not true. Here are some facts about federal disaster assistance that you may not know:


  • The Governor of Oregon must request a major disaster declaration from the President
  • Disaster assistance is available only when there is a presidentially declared disaster
  • Federal disaster assistance is not available in all flooding incidents
  • An application for disaster assistance must be filed with the federal government
  • Disaster assistance is typically made in the form of a loan from the Small Business Administration (SBA) and it must be paid back with interest
  • Federally-backed disaster assistance for flood damage typically requires the purchase of flood insurance
  • If the insurance obligation is not met, you may become ineligible for future assistance

You don’t have to wait for the President to declare a disaster before flood insurance will respond. As long as your community participates in the National Flood Insurance Program you can protect your home.

1. What does flood insurance cover?

A flood insurance policy can provide coverage for the following:

  • Buildings This covers damages to your structure, as well as its A/C, heating and hot water equipment
  • Contents This insures furniture, appliances, clothing and other valuable items in your dwelling
  • Cleaning Up This covers the costs of home cleaning and debris removal after a flood
  • Property Protection Sandbagging and other flood damage prevention measures are covered

2. How long will it take for my flood policy to be made effective?

There is a standard 30-day waiting period before your policy becomes effective. If your lender requires flood insurance when making, increasing, extending, or renewing a loan on a structure in a high-risk area, there is no waiting period.   3. What is a flood zone?

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.   4. How is my flood insurance premium calculated?

Flood insurance is determined by the following factors:

  • Flood zone determination
  • Amount of coverage requested
  • The location of the structure
  • The age and design of the structure
  • The building’s occupancy
  • The structures elevation if located in a Special Flood Hazard Area