Flood Insurance

Flood insurance is a type of insurance coverage specifically designed to provide financial protection against damages and losses caused by flooding. Flooding refers to the overflowing of water onto normally dry land, often due to heavy rainfall, melting snow, storm surges, or the overflowing of rivers, lakes, or other bodies of water. Flood insurance is distinct from standard homeowners or property insurance, as it addresses the unique risks associated with flood-related damages.

Key features of flood insurance include:

  1. Coverage for Flood-Related Damages: Flood insurance covers damages to structures, contents, and personal belongings caused by flooding. This can include damage to the building's foundation, walls, floors, electrical systems, appliances, and more.

  2. Exclusions: It's important to note that standard homeowners or property insurance policies usually do not cover damages caused by floods. Separate flood insurance is required to ensure coverage for flood-related losses.

  3. National Flood Insurance Program (NFIP): In the United States, flood insurance is often provided through the National Flood Insurance Program, a federal program managed by the Federal Emergency Management Agency (FEMA). This program offers flood insurance to homeowners, renters, and businesses in communities that participate in the NFIP.

  4. Private Flood Insurance: In addition to the NFIP, some private insurance companies offer flood insurance policies. These policies may offer different coverage options and terms compared to NFIP policies.

  5. Special Flood Hazard Areas: Flood insurance is often required for properties located in Special Flood Hazard Areas (SFHAs), which are areas prone to flooding as determined by FEMA flood maps. Mortgage lenders typically require flood insurance for properties in SFHAs.

  6. Waiting Period: There is usually a waiting period before flood insurance coverage takes effect. For NFIP policies, the waiting period is typically 30 days from the date of purchase.

  7. Different Coverage Options: Flood insurance policies offer various coverage options, including coverage for the building's structure and coverage for its contents. Homeowners can choose to purchase one or both types of coverage.

  8. Affordable Premiums: The cost of flood insurance premiums depends on factors such as the property's location, flood risk, coverage amount, and type of coverage. Premiums can vary widely based on these factors.

Given that flooding can lead to significant property damage and financial loss, especially in areas prone to floods, having flood insurance can provide valuable peace of mind and financial protection. Homeowners, renters, and business owners in flood-prone areas should consider obtaining flood insurance to ensure they are adequately covered in case of flood-related emergencies.




Lumpkin's Insurance & Associates is an active member of the National Flood Insurance Program (NFIP) and can help get you set up with the coverage that is right for you.

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Lumpkin’s Insurance Agency LLC

Tracey E. Lumpkin, LUTCF

3336 South Major Dr.

Beaumont, Texas  77707




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