Ninety percent of all disasters in the United States are flood-related. You are four times more likely to experience a flood than a fire. The Federal Emergency Management Agency estimates that between seven and eight million U.S. households are exposed to the risk of flooding. Most homeowners insurance policies do not offer protection against flood damage.
Coverage is also available for businesses and buildings under construction.
The contents of a fully-enclosed, insurable building may be covered by a separate policy, making flood insurance available to renters. Nearly one-third of all flood claims come from these lower risk areas. Flood insurance is available for buildings in communities that have agreed to adopt and enforce sound flood plain management practices. Currently, these are over 18,000 communities participating in the NFIP throughout the United States and overseas territories. You can buy flood insurance at any time.