June 25, 2024
Flood Insurance: What It Costs & How to Save
Floods are a common and costly natural disaster in the U.S., with even a small amount of water causing over $25,000 in damage. Flood insurance, primarily backed by the federal government, is crucial but averages around $888 annually. Coverage is required for homes with government-backed mortgages in high-risk areas and offered through the National Flood Insurance Program (NFIP) and private companies. Factors like location, home construction, coverage amounts, and deductible choices impact
