Flood Insurance

It specifically covers damage caused by rising water from outside sources, such as rivers, heavy rainfall, or storm surges. It typically includes coverage for both the structure of your home and your personal belongings. Standard homeowners insurance policies generally exclude water damage because it’s considered a high-risk, high-cost peril. The National Flood Insurance Program (NFIP) was created to provide coverage insurance separately. At UCCU, we offer insurance quotes to help you understand what insurance covers for your specific property. Remember, even a few inches of water can cause significant damage, so flood protection is crucial for protecting your home and finances.

The cost of insurance can vary widely depending on several factors. On average, insurance premiums in the U.S. range from $600 to $1,200 annually, but your specific rate may differ. Factors that affect the cost include your property’s flood risk zone, the age and construction of your home, the amount of coverage you choose, and your deductible. At UCCU, we can help you get an insurance quote that takes these factors into account. Remember, the cost of flood protection is often far less than the potential cost of flood damage to your home.

While insurance is often required by mortgage lenders in high-risk water zones, it’s a wise investment even if you live in a moderate or low-risk area. In fact, more than 20% of insurance claims come from properties outside of high-risk flood zones. Flooding can occur anywhere it rains, and factors like rapid snowmelt, new development changing natural drainage patterns, or unusually heavy rainfall can cause flooding in unexpected areas. At UCCU, we can provide insurance quotes and help you assess your risk. Given that even a few inches of floodwater can cause tens of thousands of dollars in damage, insurance provides valuable peace of mind regardless of your location.

You can purchase insurance through UCCU by speaking with one of our local insurance experts. We’ll help you determine the right amount of coverage for your property and provide you with competitive quotes for insurance. It’s important to note that there’s typically a 30-day waiting period before a flood insurance policy takes effect. This is to prevent people from purchasing insurance only when a flood is imminent. However, there are some exceptions to this waiting period, such as if you’re buying a new home and the lender requires insurance. That’s why it’s crucial to consider insurance before you need it. Don’t wait for bad weather warnings to start thinking about protection – contact UCCU today to get a quote for flood insurance and ensure your property is covered.