GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Unfortunately, many costly perils, like floods, threaten yourinvestment.
In fact, an inch of floodwater can cause as much as $25,000 in damage.
Fortunately, insurance policies exist to help mitigate this risk.
But should you buy flood insurance in 2025 when coverage prices are on the rise?
We asked multiple experts this question keep reading to learn if they think flood insurance is worth it.
Also here are 10 high-flood-risk areas that people are still moving to.
Should You Get Flood Insurance?
Expert opinion on our central question varied from it depends to absolutely.
We broke their insights into three distinct camps below.
Musson encouraged readers to check their risk on theFederal Emergency Management Agency(FEMA) website.
Just type your address and look at the map, which shows different levels of flood risk.
You dont need flood insurance if your home is at no risk of flooding, Musson added.
You should carry flood insurance if you have a minimum risk of one flood in 100 years.
Greg Martin, president of Think Safe Insurance, encouraged readers to find out how much coverage would cost.
Many people assume that it is very expensive, but it is often much more affordable than you expect.
Coverage May Be Required
You may not have a choice when it comes to buying coverage.
How Hard Is It To Get Coverage?
Experts generally agree that getting coverage is relatively easy.
If your community participates in the NFIP, you are automatically eligible for coverage.
For private flood policies, it usually ranges between 10 and 14 days but varies by carrier.
Plus, some homes may not qualify at all.
How Much Does Protection Cost?
If you are in a higher-risk zone, having an elevation certificate can help a lot.
Beyond Flood Insurance
You bought flood insurance.
More From GOBankingRates
Share This Article:
