Let’s start with the basics. You may or may not know this, but flood insurance is one of the main exclusions on your homeowners policy. What does that mean for you? If you suffer a loss due to a flood, your homeowners policy won’t cover the damages. That’s a significant gap in protection for your home—often your most valuable asset.
Fortunately, you have the option to purchase flood insurance as an additional line of coverage. This extra layer of protection can make all the difference in the event of a flood disaster.
Why Consider Flood Insurance If You’re Not in a Flood Zone?
You might think, “I’m not in a flood zone; why would I need flood insurance?” The statistics tell a different story:
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84.5% of flood damage occurs outside of high-risk flood zones.
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68.3% of damage happens in lower-risk areas, like Zone X.
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16.2% of flood damage is found in unmapped regions.
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51% of the population is at least twice as likely to experience a 1-in-100-year flood than current maps suggest.
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99% of the U.S. population resides in counties that have experienced a flood disaster.
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A home is 27 times more likely to suffer flood-related loss than from fire.
These numbers highlight a crucial fact: flood risk extends far beyond what is traditionally labeled as high-risk zones. In other words, even if you don’t live near a river or a coastline, you’re still not immune to the effects of flooding.
Why should I shop flood insurance with Granite?
Many insurance brokers rely on the state pool to provide flood insurance, which can sometimes be the best option. However, at Granite, we partner with multiple carriers that specialize in monoline flood insurance, often offering rates that are highly competitive with the state pool.
Our goal is to ensure you have the best possible coverage without compromising your budget—especially if you’ve never experienced a flood before. Don’t wait until the next hurricane to explore your flood insurance options. Contact us today to safeguard your property and peace of mind.
