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Ask ERIE: Do I really need to buy flood insurance?

Q: I don’t live in an area that’s prone to flooding. Do I really need to buy flood insurance?

A: In most cases, it’s a good idea to purchase flood insurance. After all, floods are the number one natural disaster in the United States, and they happen in all 50 states. What’s more, people outside of high-risk areas file more than 20 percent of National Flood Insurance Program claims and receive one-third of disaster assistance for flooding. (This is especially true for homes in new housing developments since developers often divert natural runoff paths and knock down trees to accommodate new homes.)

Also keep in mind that it’s not always storms that bring on flood damage. “When people think of floods, they often imagine hurricanes and severe storms that cause massive flooding,” says Terry McConnell, vice president, Personal Lines Underwriting. “However, winter storms and melting snow are the most common and overlooked causes of floods.”

If you’re banking on federal disaster aid to come to your rescue, you should know that less than 10 percent of all weather events are declared disasters. Also keep in mind that it doesn’t take a catastrophe for damage to occur—just one inch of water can wreak major havoc on your home.

Due to the often widespread catastrophic nature of flooding, there are no homeowners policies that automatically include flood coverage. You can only secure flood insurance to protect your home or business through the Federal Emergency Management Agency’s National Flood Insurance Program. Purchasing flood insurance—which is backed by the federal government and can cost as little as $129 a year—enables you to receive coverage for your home and your belongings. (Just be aware that flood insurance does not cover any basement improvements such as finished walls and carpets or any personal belongings stored in your basement.) If you rent, there are policies that will protect just your contents.

Most, but not all, communities are eligible for flood insurance. Your ERIE Insurance Agent can tell you if it’s available in your area. If you’re interested in flood insurance, it’s better to act sooner rather than later since there’s a 30-day waiting period before the policy goes into effect.

In addition to contacting your ERIE Insurance Agent, you can also learn more about flood prevention and the National Flood Insurance Program by visiting or calling 1-800-CALL-FLOOD (1-800-225-5356).

Insurance question have you stumped? Then email it to [email protected] for possible inclusion in an upcoming Ask ERIE column.

ERIE® insurance products and services are provided by one or more of the following insurers: Erie Insurance Exchange, Erie Insurance Company, Erie Insurance Property & Casualty Company, Flagship City Insurance Company and Erie Family Life Insurance Company (home offices: Erie, Pennsylvania) or Erie Insurance Company of New York (home office: Rochester, New York).  The companies within the Erie Insurance Group are not licensed to operate in all states. Refer to the company licensure and states of operation information.

The insurance products and rates, if applicable, described in this blog are in effect as of July 2022 and may be changed at any time. 

Insurance products are subject to terms, conditions and exclusions not described in this blog. The policy contains the specific details of the coverages, terms, conditions and exclusions. 

The insurance products and services described in this blog are not offered in all states.  ERIE life insurance and annuity products are not available in New York.  ERIE Medicare supplement products are not available in the District of Columbia or New York.  ERIE long term care products are not available in the District of Columbia and New York. 

Eligibility will be determined at the time of application based upon applicable underwriting guidelines and rules in effect at that time.

Your ERIE agent can offer you practical guidance and answer questions you may have before you buy.