It is important to note that a standard home insurance policy does not cover against flood damage. Flood coverage must be purchased separately, generally through a private insurer or the National Flood Insurance Program (NFIP). The typical homeowners and rental insurance policy excludes damage caused by flooding, such as mud flow, rising water or storm surge. Fortunately, whether you live in a high risk flood zone or not, flood insurance is available. If you do live in a high-risk flood area, many lenders will require you to have flood insurance to get a mortgage. 

Getting Coverage

North Carolina is a high-risk state for flooding with high rip currents and coastal flooding. Tropical depressions can lead to coastal hazards such as ocean overwash and beach erosion, according to the National Weather Service. You may want to contact your insurance agent to see if they offer NFIP or private flood insurance policies. Keep in mind that there will generally be a thirty-day waiting period for a new policy to take effect, so don’t wait until the last minute. You may also want to remember that federal disaster assistance is only available in the event that a Presidential Disaster Declaration is made. Plus, it typically comes in the form of a low-interest loan. Thus, it is not planned to restore your home to the condition it was in before the disaster. 

JC Demo Insurance Group Serving Matthews, NC

If you are in the Matthews, NC area and are in the market for home insurance, we at JC Demo Insurance are happy to help you. Give us a call today for more information.