1. You need flood insurance anywhere you live in the U.S.
Each of the 50 states is a flood-risk zone. Even if your flood risk is low, it’s still cost effective to buy flood insurance because experience has shown that low-risk areas do have floods. According to the NFIP, which is run by the U.S. Federal Emergency Management Agency, almost 25 percent of flood insurance claims in the past years have come from areas with moderate and low risks of flooding. That’s why it’s important to consider getting basement waterproofing to protect all of your belongings.
Many contractors will propose the installation of expensive interior drainage systems even if you don’t need one when most moisture problems can be solved through less expensive means. You’re more likely to get good results and save a lot of money by exploring other solutions and hiring a basement waterproofing contractor only if absolutely needed. If your home was built within the past few years, check the builder’s warranty for clauses on seepage.
2. Your regular homeowners insurance policy does not cover flood.
Private-sector insurance firms, which provide homeowners insurance, don’t cover floods as they don’t have the funds to cover a risk that turns catastrophic if a big flood devastates a whole city or state. Before the NFIP was established in 1968, homeowners bore the consequences of floods alone. If you would like to get all the details, we recommend visiting https://homewarranty.firstam.com/compare-home-warranty-plans to get all the details.