Floods are one of the most common natural disasters, and each time a flood strikes, it can leave homeowners and business owners with many repair costs. Yet many people still don’t have flood insurance. A homeowner’s policy will typically not cover any flood damage, so even if you think you are covered in Salt Lake City, UT, you may not be.

Technically, everyone in the country could live in a flood zone and there would still be various levels of risk. Some people think floods can only happen on the coasts, but there are plenty of flood claims made by those who don’t live near the water. A flood can be caused by rapid rainfall accumulation, failing or flooding over a levee, rapid snowmelt, ice jams, or clogged drainage systems, so it’s not just a hurricane that can cause flooding.

Knowing your risk can help you determine how important flood insurance is, and it may even be required depending on where you live. In a high-risk area, you have a 1 in 4 chance of having a flood during a normal 30-year mortgage. A moderate to low-risk area means that your risk is reduced, but it can still happen. One-third of disaster assistance for floods goes to those who live in these areas, so it’s still important to consider flood insurance.

There are also areas that are still undetermined, and it’s just because these areas haven’t had an analysis conducted. It doesn’t mean that there isn’t a risk of flooding. Usually, smaller populated areas are considered undetermined. Speak with an agent at M8 Insurance to help determine your risk for floods.

Contact M8 Insurance, located in Salt Lake City, UT, to get a quote on flood insurance in Texas, California, Nevada, Florida, Colorado, Arizona, and almost every state in the United States. Our agents are ready to walk you through the process and teach you more about your flood insurance options.