Protecting your home with flood insurance is essential, regardless of whether you think you need it or not. If your home is located in a flood zone, your mortgage lender and possibly even your neighborhood may require flood insurance. Surprisingly, many Homeowner’s Associations (HOAs) also require flood insurance, even for homes outside of flood zones. If you need to safeguard your home with flood insurance, Land Home Insurance Services is here to help.

Flood Insurance Requirements by Homeowner’s Associations

HOAs typically require their residents to have home insurance, which often includes having it. However, many also mandate flood insurance to maintain the neighborhood’s standards. This is to prevent situations where homes sustain significant flood damage and remain unrepaired because the owner can’t afford the costs. Without flood insurance, a severely flood-damaged home could end up abandoned and unlivable.

The Importance of Flood Insurance Outside Flood Zones

While flood insurance is generally required in flood zones, it’s equally important to have it outside these zones. Interestingly, about 20% of all flood claims originate from areas not designated as flood zones. This underscores the importance of having flood insurance, regardless of where you live. Any area, whether in a flood zone or not, can potentially experience flooding.

Securing Your Home with Flood Insurance

If you don’t have flood insurance, you should consider getting one. Contact us at Land Home Insurance Services to learn more and get started on protecting your home from potential flood damage.