Who needs flood insurance? If you have a mortgage and live in a flood plain, your lender may require it. But Virginia sees a fair number of thunderstorms and hurricane swells that can cause groundwater to rise outside these obvious areas, and these incidents aren’t covered by a standard homeowners or business policy.
A Farm Bureau Insurance agent can help you assess your risk, then secure flood insurance through the
National Flood Insurance Program.
Remember, your risk of experiencing a flood isn’t just based on history. A whole range of factors—such as rainfall, flood-control measures, outdated or clogged drainage systems, even changes due to building and development—affect your home and property’s flood risk. The cost of flood damage is far higher than any premium, so a checking with your agent today could be a lifesaver if floodwaters rise tomorrow.