Flood insurance - image of yellow boots in water

Flood Insurance

Personal Client Services

Financial protection from flood damage

Flood insurance can protect your home from financial loss caused by water damage as a result of flooding. Despite being so common, floods can be extremely damaging to your home, more so because the peril of flood is typically excluded from a homeowners’ policy.

Fortunately, you can acquire a separate insurance policy that provides valuable coverage and welcome relief in the event of a flood.

Understanding your insurance policy

With extensive experience in this sector, we understand that each individual has unique needs and goals. It is also important to understand what is covered and what is not; for example, most insurance policies only cover damages as a direct result of flooding.

The Private Client Services team at HWI can tailor an insurance solution that addresses these issues to ensure that your home is adequately protected.

We are more than happy to walk you through the type of coverage that is right for you.

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When do I need flood insurance cover?

Flood damage is a serious concern for many homeowners, and in some cases, can be unavoidable. Floods are known to be one of the most common natural disasters in the US and can happen anywhere, even when you don’t live in a high-risk area.

Insurance for high-risk flood zones

If you own a home in an area that is likely to flood and you have obtained a mortgage with a federally regulated or insured lender, your mortgage lender may require you to take out flood insurance.

You can find out if you live in a high-risk flood zone in the United States here.

If you live in one of the 23,000 participating NFIP communities, you are eligible to obtain national flood insurance. This type of insurance covers severe water damage like heavy rain, melting snow, and severe coastal storms.

However, insurance through the national program has a set limit per building and its contents. It can also mean that if you have to leave your flooded home due to unforeseen circumstances, it may not be covered.

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