Flood Insurance in Altoona, IA

Flood insurance may cover damage caused by flooding, which is not included in standard homeowners or renters insurance. Flood policies can be purchased through the National Flood Insurance Program (NFIP) and some private insurers.

What Does Flood Insurance Cover?

Flood insurance may help pay for repairs and replacements after flood damage. A policy may cover the following:

Flood insurance commonly excludes coverage for the following:

Is Flood Insurance Required?

Flood insurance is required only for properties in high-risk flood zones with federally backed mortgages. Nonetheless, it is recommended because flooding can still occur in low- to moderate-risk areas, and many homeowners in such zones choose to purchase coverage voluntarily.

How Much Flood Coverage Do I Need?

The amount of flood coverage you need depends on your property’s value, the cost to rebuild and the value of your personal belongings. For homeowners, building coverage should match the full replacement cost of the structure, not just its market value. Contents coverage should reflect the total value of items inside your home, including furniture, electronics and appliances. Renters can purchase contents-only policies. Keep in mind that NFIP policies have building coverage limits, so you may need supplemental private insurance for higher-value properties.

Secure a Policy Today

The Insurance Station is committed to helping you secure flood insurance at favorable rates. Contact us today to get a personalized quote.