Should You Get Flood Insurance in 2025? Here’s What Experts Say

Your location is the astir important — and astir costly — happening you own. Unfortunately, galore costly perils, similar floods, endanger your investment. In fact, an inch of floodwater tin origin arsenic overmuch arsenic $25,000 successful damage.

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Fortunately, security policies beryllium to assistance mitigate this risk. But should you bargain flood security successful 2025 erstwhile sum prices are connected the rise? We asked aggregate experts this question — support speechmaking to larn if they deliberation flood security is worthy it.

Also present are 10 high-flood-risk areas that radical are inactive moving to.

Expert sentiment connected our cardinal question varied from “it depends” to “absolutely.” We broke their insights into 3 chiseled camps below.

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“Flood security is the lone mode for a homeowner to support their fiscal involvement successful their location and possessions if a flood damages oregon destroys their property. Homeowners should get flood security if their spot is astatine hazard of flooding,” said Melanie Musson, location security adept with Clearsurance.com.

Musson encouraged readers to cheque their hazard connected the Federal Emergency Management Agency (FEMA) website. Just participate your code and look astatine the map, which shows antithetic levels of flood risk.

“You don’t request flood security if your location is astatine nary hazard of flooding,” Musson added. “You should transportation flood security if you person a minimum hazard of 1 flood successful 100 years.”

Greg Martin, president of Think Safe Insurance, encouraged readers to find retired however overmuch sum would cost.

“You should ever get a punctuation for flood [insurance], truthful you astatine slightest cognize however overmuch the complaint would be,” helium said. “Then, you tin marque an educated determination connected whether oregon not the bid of caput of having the extortion is worthy it for you. Many radical presume that it is precise expensive, but it is often overmuch much affordable than you expect.”

E. Tyler Ardron, enforcement vice president of Floodproofing.com, took a hard stance connected this topic. “Everyone — and yes, I mean everyone — should person flood insurance, careless of whether you unrecorded successful a designated flood zone. Forty percent of National Flood Insurance Program (NFIP) claims are from extracurricular of high-risk flood areas, showing the worth of flood security for everyone. While it whitethorn look similar an further expense, it tin support you from the devastating fiscal interaction of a flood and springiness you bid of mind.”