F O U N D A T I O N Laying the groundwork for fi nancial success
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WINTER 2018
ABCs of
fl ood insurance
A single inch of fl oodwater in your home
can cause $27,000 in damage, according
to the Federal Emergency Management
Agency (FEMA). And most homeowner
and renter insurance policies won't
cover it.
If you have a mortgage and are in a
high-risk fl ood area, you probably have
mandatory fl ood insurance. If not, ask
your insurance agent (or mortgage
lender) to help you evaluate your risk by
determining which fl ood zone you live in.
FEMA recommends asking about
coverage for both buildings and
contents. And take note that most fl ood
policies do not cover water damage
from sewer backups.
You can only get fl ood insurance from
an agent or company participating in
the National Flood Insurance Program
(NFIP). To fi nd one, call the NFIP Referral
Call Center at (800) 427-4661.
— Mark Henricks
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