Insuring against flood damage

Just a single inch of water can cause costly damage to your home. Here's what you need to know about insuring against damages caused by flooding.
What does flood insurance protect?
A standard homeowners policy does not cover damages from flooding. A separate flood policy is needed to cover losses to your property caused by flooding, which provides includes:
  • Structural damage
  • Furnace, water heater and central air conditioning
  • Flood debris clean-up
  • Electrical and plumbing systems
Cost of coverage
As a homeowner, you can insure your home for up to $250,000 and its contents up to $100,000. For this type of coverage, yearly premiums average around $500 in low- to moderate-risk areas. If your home is located in a high-risk area, talk to our insurance experts.
While it's up to the property owner to decide if he or she wants to cover the building, renters can cover their personal belongings up to $100,000.
Stay protected 
In general, a policy does not take effect until 30 days after you purchase flood insurance. However, if your lender requires flood insurance in connection with the making, increasing, extending or renewing of your loan, there is no waiting period. 
For more information on flood insurance including premium costs, levels of coverage and the flood risk for your area, reach out to Blake Hanson with American Insurance Center. 

A lifelong resident of North Dakota, Blake has been working in the insurance industry since 2004.  He works hard to protect his clients from life’s uncertainties.  “I take great pride in helping people prepare for the ‘what ifs’ and unknowns of everyday life.”  With access to a full line of insurance products from industry-leading carriers, Blake is able to develop a customized plan to meet the needs of his clients.

American Insurance Center is an equal opportunity provider. Products and services offered through American Insurance Center are: * Not a deposit * Not FDIC insured * Not insured by any federal government agency * Not financial institution guaranteed


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