Understanding myths about flood insurance can help you be prepared

 

A flood is an overflow of water that submerges land that is usually dry. In the sense of "flowing water."

 

Does my homeowners policy cover flood?

No, most policies do not cover outside water sources such as: rain, snow, storm swells, overflow of dams, and other water systems.

 

Can only those in a special flood hazard area (SFHA) buy flood insurance?

No, anyone in more than 22,000 communities participating in the NFIP can purchase flood insurance. You do not have to be in a special flood hazard area.

 

Do I need flood insurance if I will be protected by FEMA?

Yes, before FEMA non-NFIP claims kick in, you may have to wait for the area / incident to be declared a federal disaster. It doesn't take a federal disaster to have rain water or flood impact your home. According to FEMA, "Federal disaster declarations are issued in less than 50% of flooding events."

 

Can only homeowners buy flood insurance?

No, anyone can be impacted by a flood, even condo owners and renters. Flood insurance is available to renters and condo owners as well as homeowners and businesses.

 

Can I buy flood insurance any time?

Yes, but there can be a waiting period of up to 30 days for a flood policy to go into effect.

 

Is flood insurance worth buying?

Yes, nearly 20% of flood claims originate in areas deemed "moderate" or "low" risk. Regardless of your living situation, flood insurance is often worth buying.

 

Ways to reduce flood insurance costs:

Utah is one area that has private flood insurance. Whether you are insured through private flood insurance or the National Flood Insurance Program, you could benefit from a review of your policies. It may cost less than you think. For more information, check out: Utah.gov Flood Get Ready.

 
 

Our Locations

Salt Lake Office

448 South 400 East
Salt Lake City, UT 84111
Main office: 801-364-3434
Toll free: 800-736-3436

Las Vegas Office

No business location
Las Vegas, NV 89118
Main office: 702-877-1760
Toll free: 877-806-5317

Our Providers

Testimonials

During Mid-States over 25-year business relationship with American Insurance, we have always found Dave Bradshaw and his staff to be willing to help us in any way. They respond immediately to any needs that we might have, and provide assistance that exceeds what you would normally expect from an insurance broker. It would not be a stretch to say that American Insurance is essential to our business operations. The staff at American Insurance is professional, knowledgeable, and completely trustworthy.
Steve Kidd, President - Mid State Consultants, Inc., Nephi, UT
American Insurance is awesome! I love working with them.
Unknown
Abby Zenger is great to work with. She even comes to my office when I need her and I can call her for anything.
Unknown
An absolute asset to your organization's success! Mike Green and his assistant Mason Allen are more on top of our needs than we are. Thanks to this amazing duo and this great org!
Carli Christensen
I've dealt with American Insurance & Investment for both personal insurance and professional liability insurance. They clearly care about their clients, and their excellent service reflects that. I highly recommend them.
Google Review
Love American Insurance! American has written my insurance for years now. They have my cars my home and off and on an umbrella when I do a consulting business on the side. I would recommend them as fair and knowledgeable. I feel like they care.
Google Review
These guys have been great to work with. I got my group insurance through them. They have always been responsive, and have taken very good care of my company.
Google Review