Flooding is the most common and costly natural disaster in the United States, causing billions in economic losses each year. According to the National Flood Insurance Program (NFIP), 90 percent of all-natural disasters in the United States involve flooding.  

There is no coverage for flooding in standard homeowners or renters' policies or most commercial property insurance policies. Coverage is available in a separate policy from the National Flood Insurance Program (NFIP) or private insurers.  

You may be thinking that your property could never flood, but every property is vulnerable to flooding. Flooding is an equal opportunity disaster. It can happen anywhere, at any time. While most properties in the United States are in a low-risk flood zone, more than 20 percent of flood claims come from outside high-risk flood areas. Even if you live in a low-risk flood zone, you need to give serious consideration to possibly purchasing a flood insurance policy.   

If you are purchasing a home or taking out a home equity loan and the dwelling or business is in a high-risk flood zone, the lender will be obligated to require you to purchase flood insurance if your lender is a federally insured bank.    

Navigating the costs and regulations associated with flood insurance is not for the faint of heart. Colyott & Watson has been involved in flood insurance since 1983. Our experience in all aspects of the flood insurance industry provides us with the tools us to help you with just about any flood insurance-related problem you may encounter.    

Colyott & Watson, We Do Flood to protect you and your property.