Flood Insurance Policy Basics

If you are a current flood insurance policyholder, you know that your policy will help reduce the financial consequences of flooding, the Nation's most common and costly natural disaster. In fact, during the past 5 years, the average flood insurance claim was more than $42,000. Find the average claim for your state.

Deductibles

Flood insurance deductibles apply separately to a covered building and its contents. As is the case with other insurance plans, a higher deductible will lower your premium and reduce your claim payment. It's always a good idea to speak with your insurance agent about the deductible that's best for your situation. Also, check with your mortgage lender, as there may be a maximum amount for your deductible.

What's Covered

It's important to know what is and is not covered under your flood insurance policy. Know the facts about residential and commercial coverage.

If you are not currently covered, learn more about residential coverage, or commercial coverage.

Learn more about flood insurance by visiting the sections below. You can also read our Frequently Asked Questions or contact FloodSmart@fema.dhs.gov.