Since floods are so unpredictable, Flood Insurance is not something that is attached to your Home or Renter's Insurance Policy, it has to be purchased from the Federal Government through your Insurance Agency (Lafaro Agency).
When protecting your home from flood damage through an insurance policy, it is important to know that there are two parts to a policy. A policy to protect the structure of your home is separate from a policy that will protect the contents of the home.
Due to the fact that Flood Insurance is not apart of a Home Insurance policy, on average, it is pretty inexpensive. A premium may be $470-$700 per year, which will get a home owner $200,000-$250,000 in structure coverage and approximately $80,000for your home's contents.
In the end, it is extremely less expensive to pay for Flood Insurance on a monthly basis, than it would be to repair your home from the damage of a possible flood.