If you live in a low-lying area, near a river or creek, or in any other area prone to flooding, you are likely already aware that you need to purchase flood insurance. But what about if you don’t live in a high-risk area? Is flood insurance still something you need to consider? While it’s true that flood insurance isn’t required in all parts of the country, there are still many good reasons to consider purchasing a policy. In this blog post, we’ll look at some of the factors you should consider when deciding.

1. Flooding Can Happen Anywhere

While it’s true that some areas are more prone to flooding than others, the fact is that flooding can happen anywhere. All it takes is a heavy rainstorm or a broken dam to cause widespread flooding. Even if you don’t live in a high-risk area, your home could still be damaged by floodwaters.

2. Flooding is Costly

The damage can be extensive and expensive to repair if your home is flooded. Even if you have homeowner’s insurance, it’s unlikely that your policy will cover flood damage. This means you’ll be stuck with the repair bill, which could easily cost thousands of dollars.

3. Flood Insurance is Relatively Inexpensive

When compared to the cost of repairing flood damage, flood insurance is relatively inexpensive. A typical policy will cost a few hundred dollars per year and will give you peace of mind in knowing that your home is protected in the event of a flood.

4. You May Be Required to Purchase Flood Insurance

If you have a mortgage on your home, your lender may require you to purchase flood insurance. This is because lenders want to protect their investment in case of a flood. Even if your lender doesn’t require flood insurance, purchasing a policy is still a good idea.

While you may not be required to purchase flood insurance if you don’t live in a high-risk area, there are still many good reasons to consider it. Friant Insurance Agency can help you find the right flood insurance policy to protect your home in Temecula, CA. Contact us today for a free quote.