Flood Insurance

Flood Insurance - Protecting Your Home and Your Family

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Key Points
  • Flood insurance, not included in standard homeowners policies, must be purchased separately through the NFIP and typically has a 30-day waiting period—making early preparation critical.
  • Proper planning before and after a flood—such as making a home inventory, having emergency supplies, and documenting damage—can significantly ease the claims process and recovery.

Homeowners and businesses are vulnerable to any kind of disaster, but especially severe weather events. During the month of August, a time that the Gulf South has seen some of our most harrowing storms and floods, we will present our Disaster Preparedness and Recovery series. Follow along each week as we discuss strategies for keeping your home and business safe and insights on how to recover when disaster strikes. Our first installment, below, talks flood insurance basics and what to do before and after a flood occurs.

Intro

The Louisiana floods of August 2016 rank as the 4th most significant flood event in US history. The devastation experienced by so many was unexpected, and flood insurance became one of the most discussed and necessary commodities. Unfortunately, many homeowners are still unfamiliar with flood insurance policies. Although we hope to never face a flood disaster again, it is important to be prepared in order to protect your home and your family.

In this blog, we discuss the basics of flood insurance acquired through the National Flood Insurance Program, along with outlining a few helpful steps for what to do before and after a flood.

The Basics

Flooding is the most common and costly natural disaster in the United States. In fact, FEMA reports that 90% of all natural disasters in the United States involve some type of flooding. There is no coverage for flooding in standard homeowners or renters policies. Instead, coverage is acquired through a separate policy from the National Flood Insurance Program (NFIP). Despite efforts to publicize the need for this coverage, many people exposed to the risk of floods still fail to purchase flood insurance. The protection and safety of your family and property is paramount, so considering flood insurance is usually worth it. To foster a better understanding of this type of coverage, we’ve outlined some of flood insurance’s key points below.

The Facts

What to do Before a Flood

Don’t wait until waters are rising and flood threatens, take steps now to ensure maximum safety that will make your life easier when a flood occurs. Here are some action items to prepare your family and home for a flood:

For Your Home
For Your Family
For Your Recovery

Proper preparation will make things much easier in the event that you have to file a claim due to flood damage. Consider the following:

What to do After a Flood

After a flood, it is important to take the necessary steps in recovering your home, ensuring your family’s safety, and securing your coverage.

For Your Home
For Your Recovery

If you experience damage from a flood, the recovery process can seem daunting. If you’ve purchased a flood policy, filing a claim is your next step. The infographic below outlines the claim process. Of course, reaching out to your insurance agent is always a great first step for guidance and assurance.

Conclusion

Flood insurance can be the difference between recovering and being financially devastated. Consider this: the damage from just one inch of water can cost more than $20,000. With a flood insurance policy in place, you could potentially be protecting yourself from immense loss. At Lewis Mohr, we’re here to help you understand the flood insurance you’re purchasing, and we’re ready to be there for you when you need it most.

Helpful Links

The following resources provide great tools for flood aid and information.

Find your community’s flood map at msc.fema.gov/portal/search

Begin applying for assistance at disasterassistance.gov

Familiarize yourself further with the NFIP at fema.gov or iii.org

Jeffrey Mohr Headshot

Jeffrey Mohr, CPCU, ARM

Jeff Mohr is the President and Owner of Lewis Mohr Insurance Agency. He began his career in 1982 after earning a degree in Management and Finance from LSU, followed by a Master’s in Insurance Management (MSIM) from Boston University. With over 40 years of experience, Jeff holds the CPCU and ARM designations and is a past president of the Independent Insurance Agents & Brokers of Louisiana. He has been recognized with the Lou Daniel Award for outstanding service to the insurance industry and remains active in civic and community organizations. Jeff leads the agency with a deep commitment to trusted service, ethical standards, and generational growth.
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