Flooding is one of the most common and costly natural disasters in the United States. Yet, many homeowners and business owners are surprised to learn that standard insurance policies do not cover flood damage. For residents and businesses in New York, particularly in coastal and low-lying areas, flood insurance is a crucial component of financial protection.
Before purchasing a policy, it’s important to have an informed conversation with your insurance agent. Asking the right questions can help you avoid coverage gaps, unexpected costs, and claim frustrations later. Below are six essential questions to ask your agent about flood insurance so you can protect your property with confidence.
Flood insurance is mandatory for properties located in Special Flood Hazard Areas (SFHAs) if you have a federally backed mortgage. However, even if you’re not required to carry flood insurance, your property may still be at risk.
According to FEMA, more than 25% of flood insurance claims come from moderate- to low-risk flood zones. Flooding can result from heavy rain, snowmelt, storm surge, or overwhelmed drainage systems—events that can happen almost anywhere.
Your agent can help determine your flood zone and explain whether coverage is required or strongly recommended based on your location and property type.
Flood insurance coverage is different from homeowners or commercial property insurance. Policies issued through the National Flood Insurance Program (NFIP) typically cover:
Personal property coverage is usually optional and has separate limits.
It’s important to ask what isn’t covered, such as temporary living expenses, landscaping, or certain finished basement items. Understanding coverage details upfront helps prevent surprises when filing a claim.
Flood insurance has coverage limits, and they may not always match your property’s full value. NFIP policies currently offer:
Your agent can help evaluate your property’s replacement cost, risk exposure, and whether excess or private flood insurance may be appropriate.
Flood insurance premiums are based on several factors, including:
Recent FEMA updates to flood rating methodologies aim to better reflect individual property risk. An experienced agent can explain how these factors apply to your situation and help identify ways to manage costs.
Flood insurance policies typically have a 30-day waiting period before coverage becomes effective. This means you cannot purchase a policy at the last minute when a storm is approaching.
Certain exceptions may apply, such as coverage tied to a new mortgage, but waiting periods are common. Asking this question helps ensure you’re protected well before flood risk increases.
Flood insurance works best when it’s part of a well-coordinated insurance plan. Your agent should review how your flood policy fits with:
This coordination helps minimize coverage gaps and ensures smoother claims handling after a flood event.
Flood risks and insurance requirements can vary significantly by region. Working with a local agency that understands New York flood zones, FEMA maps, and evolving regulations can make a meaningful difference in how well you’re protected.
A trusted insurance partner doesn’t just sell a policy; they help you understand it.
If you own a home or business in Mamaroneck or the surrounding New York area, now is the time to review your flood insurance options. The team at Scavone Insurance Agency Center LLC is here to provide clear guidance and personalized solutions tailored to your property and risk level.
Call (914) 428-7111 (Direct), or contact us today to discuss flood insurance coverage, review your risk, and ensure that you’re prepared before the next storm hits.
No. Standard homeowners insurance does not cover flood damage.
Yes. Flood insurance is available for commercial buildings and business contents.
Coverage is limited and typically applies only to structural components and essential equipment.
Yes. Private flood insurance options may offer higher limits or broader coverage in some cases.
Get a Customized Quote and Additional Information From Us on How Our Insurance Products Can
Meet Your Personal and Commercial Needs.
