The Rising Tide: Why Flood Insurance is Essential in Coastal Areas

While living on the coast can provide an ocean breeze and amazing views, it comes with a major risk: flooding. Threats like hurricanes and climate change contribute to rising sea levels and can threaten homes on the coast. Flood insurance, once considered precautionary, has become a necessity for coastal living.

What Is Flood Insurance?

Many homeowners mistakenly think that their home insurance policies cover flood damage. However, without flood insurance, you could end up paying for costly repairs caused by flooding out of pocket.

Flood insurance is a separate policy that helps pay for damage caused by rising water, not water damage from internal sources, such as burst pipes. Flood insurance offers two main coverages:

• Building coverage includes the walls, foundation, built-in appliances, and electrical and plumbing systems, up to policy limits.
• Contents coverage includes furniture, clothing, electronics, and other valuables, up to policy limits.

How Do I Get Flood Insurance?

Most flood insurance policies are purchased through the National Flood Insurance Program (NFIP), which is administered by the Federal Emergency Management Agency (FEMA). Private flood insurers may offer extended or custom coverage if needed.

Do I Need Flood Insurance?

If you live in certain designated flood zones, you may be required to obtain flood insurance by your mortgage lender. Your insurer can help you determine if you’re required to carry it. However, even if you aren’t in a flood zone, you should strongly consider flood insurance. Climate shifts and new developments in your area can impact flood risks.

Contact Us

Living in a coastal area can bring many advantages and provide a lifestyle that many enjoy. However, coastal living does come with unique risks, one of the more serious being flooding. The professionals at Boudreaux & Associates Insurance Agency, Inc. in Marrero, LA can help you determine your flood risk and help you find a policy to suit your needs and budget. Contact us today for more information.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.