7/27/2023 0 Comments Zone ah flood insurance cost![]() After our last few major storms (Hurricane Harvey), we saw flooding in these low-risk areas. I ask you to consider the facts: 20 percent of all flooding events across our nation come in areas that are considered low risk. Some real estate and insurance agents may even say you don’t need it. Sadly, many homeowners decide to forgo purchasing coverage because they believe they are safe from flooding. ![]() If your home or business is in a flood zone, that is considered a low flood-risk area. However, many of us only think about it when a big storm is looming, or we have heard on the news that there is flooding forecasted or happening too close to our home. We believe most homeowners think about Flood insurance in Tennessee at some point, maybe before buying a home or during the closing process. Do I need flood insurance in Tennessee? It is important to have flood insurance coverage in Tennessee because our beloved Cowboy State has seen a fair share of flooding, and more is likely coming. Yet, don’t be too surprised if the answer is NO. ![]() However, you should ask your homeowners agent if you can add an endorsement to your homeowner’s policy to cover flooding. In most cases, the only way to get flood coverage is by purchasing a stand-alone flood insurance policy. Get a quote Does my Tennessee homeowner insurance cover flooding? A typical Tennessee homeowners’ policy is written through Farmers, State Farm, Allstate, and Progressive, for instance, excludes flooding as something that will be covered under their homeowner’s policy.
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