Serving Santa Rosa, Escambia, & Okaloosa Counties

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Why is Flood Insurance Not Included in My Homeowner's Insurance?

Homeowner's insurance is an important thing for any homeowner to have. It covers your home and belongings if they are destroyed by disasters such as hurricanes, tornados, or fires. But many homeowners do not realize that standard homeowner's policies do not cover flood damage.

Flood insurance is not included in regular homeowner's insurance because most people do not live in places with high flood risks. It stands to reason that if one lives far from any bodies of water, they should not be required to pay higher premiums to be covered in the unlikely event of a flood. It is for that reason that flood insurance is sold separately from regular homeowner's policies.

Flood insurance is provided by the government through the Federal Flood Insurance Program. It can be purchased from your homeowner's insurance agent, but it is completely separate from your homeowner's policy. Flood insurance is relatively inexpensive, so if you live near a body of water it is well worth considering.

Those who are not in flood-prone areas may be able to get a lower premium on their flood insurance. Even if you're not near a body of water, flooding is possible from melting snow or water running downhill. If you might possibly be at risk for these occurrences, you may want to consider flood insurance as well.

Flood insurance covers the replacement value of your home and the cash value of your belongings. There is a limit to how much they will pay on both. To compensate, some specialized insurance companies sell excess flood insurance. It picks up where federal flood insurance leaves off, covering the remainder of replacement value on your house and cash value of your personal property.

Often people in flood-prone areas do not purchase flood insurance because the Federal Emergency Management Agency (FEMA) offers assistance after floods there. But FEMA can only provide assistance in areas that have been declared federal disaster areas. If the President does not make this declaration, those without insurance have no assistance in rebuilding.

It is important to remember that flood insurance has a 30-day waiting period. That means that if you go out and buy flood insurance after a flood warning is forecasted, your policy will not cover any damages that may be incurred from that flood. If you believe that you are at risk for flooding, getting flood insurance right away is the practical thing to do.

Flood insurance is not required by your lender in most cases. But if you get a federally backed mortgage in an area with high flood risk, the law requires you to have flood insurance. Whether it is required or not, flood insurance can give you the security of knowing that your damages are covered in the case of a flood.


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  • First time selling a home...Leslie is a wonderful agent to work with. This was my first time selling a home and I was apprehensive about it. She was very quick to respond to all my questions and help... View More..
    Erika Santiago

    First time selling a home...Leslie is a wonderful agent to work with. This was my first time selling a home and I was apprehensive about it. She was very quick to respond to all my questions and help me feel comfortable with the process. She has a very welcoming and friendly personality. I enjoyed working with Leslie so much that she is now helping me with a home purchase!
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    Buying my first house...Leslie went above and beyond to help me go about buying my first house. She was very friendly and was always quick to respond to questions I had. This being my first house, I had many. She went out of her way to make time to help me and I am pleased to tell everyone that is looking to buy or rent a home to contact her. Her friendly smile was contagious, and I will definitely use her again on my next house purchase.
  • Sold our home in 4 days...Leslie was such a joy to work with. She not only knows her stuff, but she is such a sweet person that wants what's best for her clients. She was always willing to drop... View More..
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    Sold our home in 4 days...Leslie was such a joy to work with. She not only knows her stuff, but she is such a sweet person that wants what's best for her clients. She was always willing to drop anything to meet with and/or discuss things over the phone at anytime. She sold our home in 4 days, helped us find a new home, and we were able to have double closings just a few weeks later!
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    Cindy Cotton. I have been the beneficiary of the most incredible real estate firm. That would be Cotton Real Estate. I did not know them before I hired them to list my first home. After that they were the ones we contracted with to sell our current home and purchase our next one. They have since sold that one for us and the purchase of the next one. We also bought some additional properties and of course, Cotton Real Estate is who we called. I have referred several people to Ms Cindy Cotton (mother and father-in-laws and good friends), who have had equally great service from them as we feel they are the BEST realtors that can be found. ANYWHERE. They are above board on their precision of the real estate market, will help you at every turn, are so educated about the contracts, what needs to be done, septic permits and inspections, the ever so awful qualifying and loans, and the quality and type of home that will work. I don't just recommend Cotton Real Estate to anyone looking to buy or sell, I would not use ANYONE else! Sincerely, Constance Stoner
  • Leslie was AWESOME! Leslie recently listed my home for rent and had it rented in 2 weeks. She was very responsive and would follow up with me to give me feedback on all showings which I greatly... View More..
    Paula Snow

    Leslie was AWESOME! Leslie recently listed my home for rent and had it rented in 2 weeks. She was very responsive and would follow up with me to give me feedback on all showings which I greatly appreciated because most property managers don't take the time to do this. Leslie found us a great tenant. She was wonderful to work with. We will definitely use her again. Thanks Leslie,
    Paula Snow
  • Excellent Work, Falen! Thank you for your excellent work on the sale of the Berryhill property and the acquisition of the Gulf Road house! Your advice was always well-informed. You made suggestions... View More..
    James & Linda Thompson

    Excellent Work, Falen! Thank you for your excellent work on the sale of the Berryhill property and the acquisition of the Gulf Road house! Your advice was always well-informed. You made suggestions which were useful. You pointed out items we had not considered. You were always professional while also being personable. You are an example for the real estate industry. Truly, Yours, James and Linda Thompson
  • Thank you Falen Haddy!
    My husband and I recently purchased a home in Pace , and Falen Haddy from cotton Real Estate was our realtor. She was amazing! She worked with us around... View More..
    Ashleigh Bowers

    Thank you Falen Haddy!
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