Flood Insurance

Anywhere it rains, it can flood

Flooding is America’s number one natural disaster. Your homeowners policy does not cover your home or belongings for flood damage. To protect your valued possessions, you must purchase a separate flood policy.
Save up to 2.5% on your homeowners policy when you purchase flood insurance from Prepared.

How does flood insurance work?

Prepared participates in the National Flood Insurance Program (NFIP) as a Write Your Own (WYO) carrier. Generally, there is a 30-day waiting period from date of purchase before your policy goes into effect, so it’s important to act quickly.

Flood insurance can be significantly less expensive than repairing damage with a Federal Disaster Assistance loan. Plus you can save up to 2.5% on your homeowners policy when you purchase Prepared flood insurance policy. Ask your agent for a quote.

Flood Insurance Facts:

  • Flooding affects all 50 states
  • Just a few inches of water can cause tens of thousands of dollars in damage
  • Hurricanes and winter storms are common, but often overlooked causes of flooding
  • Flood insurance claims average more than $3.5 billion per year
  • Federal disaster assistance is usually a loan that must be paid back with interest
  • Everyone lives in the flood zone—find your zone
  • If you live in a Special Flood Hazard Area (SFHA) or high-risk area and have a Federally backed mortgage, your mortgage lender requires you to have flood insurance
  • Preferred Risk Policies provide building and contents coverage for moderate- to low-risk areas at one low price
  • You are eligible to purchase flood insurance if your community participates in the National Flood Insurance Program.
  • In high-risk areas, your home is more likely to be damaged by flood than fire
  • When your community participates in the Community Rating System (CRS), you can qualify for an insurance premium reduction discount of up to 45% depending on your area
  • There are currently more than 5.3 million flood policies in force across more than 22,000 communities in the U.S.
  • The two most common reimbursement methods for flood claims are: Replacement Cost Value (RCV) and Actual Cash Value (ACV). The RCV is the cost to replace damaged property. It is reimbursable to owners of single-family, primary residences insured to at least 80% of the building’s replacement cost.

Policy Discounts to help you save

We offer a wide range of policy discounts for your home insurance to provide the best coverage at the best value. Explore all our available discounts.