Short answer: if flooding is a risk where you live, yes. FAIR Plans don't cover flood — and neither do most standard homeowners policies.
Why flood is separate
Flood damage is excluded from almost all homeowners and FAIR Plan policies. It's covered by separate flood insurance, most often through the National Flood Insurance Program (NFIP), which is managed by FEMA. Some private insurers offer flood coverage too.
Who should consider it
- Homes in a mapped high-risk flood zone (your lender may require coverage)
- Homes near rivers, lakes or the coast
- Homes in low-lying areas or with past water problems
Floods also happen outside high-risk zones, so it's worth asking about even if your lender doesn't require it.
Want flood and FAIR Plan coverage quoted together? We can help with both.
Call (888) 928-9324Plan ahead: there's usually a waiting period
New NFIP policies generally don't take effect until 30 days after purchase, with some exceptions such as when coverage is required for a new loan. Don't wait until a storm is in the forecast.
What flood insurance typically covers
NFIP policies can cover the building and, separately, your belongings. Coverage for basements and items stored below ground level is limited, so ask what's included.
Read about the FAIR Plan in your state: Iowa, North Carolina, Ohio, Texas and Washington.