Flood Insurance 101 [ What does it cover & should you have it? ]

You don’t have to live in a high-risk flood zone to be affected by a flood. Floods and flash floods can occur anywhere, even in the desert. Just an inch of water can cause damage to your property. Flood-related losses cost people more than a billion dollars a year. Unfortunately, if your home isn’t protected against floods, you are (unfortunately) not alone. Only 12 percent of U.S. homeowners have flood insurance, according to a 2016 poll conducted by the Insurance Information Institute.