Clark Howard: Flood insurance

Updated: 4/18/2013 12:14 pm
JACKSONVILLE, Fla. -- The weather patterns around the U.S. have been crazy in the last several months!

So, who knows where we're headed.

I can tell you is you need to be prepared for potential problems. And one of the things that people overlook is the possibility of a flood.


In fact, a lot of people, until they experience it, have no idea that your homeowners policy does not cover you for a flood. 

We live in an area by a creek and it's considered an extremely low risk area for a flood.

But we buy flood insurance.

You buy it from floodsmart.gov. and, here's the thing, if you're in an area that has a very high flood risk, your lender is going to require that you buy flood insurance.

If you are deemed at an area at low risk or no risk at all you probably aren't going to be required to, but you should consider buying it. 

How much is it going to cost you?  You know it could cost you only a couple hundred dollars a year for that peace of mind. 

I recommend it highly.

You can read more about it on my website.


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