Floods can happen anytime or anywhere — even in the same place twice. Floods are the leading natural cause of property damage. Four times more homes are destroyed by flood than by fire, and flooding causes more than $2 billion in property damage every year.

Are you prepared? Do you have the coverage you need to get you back where you belong in case

of flood? Here are some myths and facts you should know about Flood insurance:

Myth: “It won’t happen to me.”

Fact: You don’t have to live by water to be at risk. Approximately 30 percent of all flood claims occur in low to moderate-risk areas.

Myth: “My Homeowners insurance is enough.”

Fact: Homeowners insurance does not cover flood damage — federal Flood insurance does. Flood insurance also covers mud flow, dirt and debris resulting from moving water.

Myth: “I don’t need Flood insurance.”

Fact: Homeowners with mortgaged property in a Special Flood Hazard Area (SFHA) are now required by federal law to obtain Flood insurance. Lenders must comply by requiring Flood insurance on the outstanding mortgage balance for the life of the loan.

Myth: “The government will pay.”

Fact: To receive federal disaster assistance, a flood must first be declared a “federal disaster” by the U.S. President. Fewer than half of the floods that damage homes across the country every year wind up being classified a federal disaster.

Myth: “Flood insurance is expensive.”

Fact: Flood insurance is affordable. Flood damage is not. The average loss of property and contents from the 1993 Midwest flood was more than $25,000. Compare this to the average annual flood premium of a little more than $300. Your coverage is based on your home’s value, minus your land value. Flood insurance up to $250,000 is available for residential buildings. Since Flood policies are backed by the U.S. government, all valid claims are 100 percent guaranteed!

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Myth: “Flood insurance covers contents.”

Fact: Standard Flood coverage does not cover the contents of your home. Separate Contents coverage is available up to $100,000. Preferred Risk policies for structures in low-risk areas offer a combination coverage up to $250,000 for a residence and $100,000 for its contents.

Myth: “I can buy Flood insurance anytime.”

Fact: There is generally a 30-day waiting period for Flood insurance. Floods can happen anytime, so don’t wait, call us today.

Preferred Risk Policy Coverages & Premium

Download: FEMA - National Flood Insurance Program (Summary of Coverages)

Farmers...Gets you back where you belong.

Serving all of the Utah with our office location at
55 West Main Street, Lehi, UT 84043.

Anywhere in the USA call us at (877) 501-8470

Salt Lake County Call (801) 501-8470 
Utah County Call (801) 766-8476

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