Ask your agent. Renters can insure their belongings, too. Flood insurance pays even when no disaster is declared. Statistically, federal disaster declarations are issued in less than 50 percent of flooding incidents. An NFIP policy will pay for flood damage whether or not there is a federal disaster declaration.
Flood insurance is affordable.
There is a 30-day waiting period before a flood insurance policy becomes effective. You can purchase flood coverage at any time, but there is a 30-day waiting period after you have applied and paid the premium before the policy becomes effective. Call your own insurance agent. NFIP flood insurance is sold through private insurance companies and agents, and is backed by the federal government. Insurance is less expensive than federal disaster loans.