Personal Insurance · Bancorp Insurance
Flood Insurance
Your Homeowners Policy Won’t Cover This.
Just one inch of floodwater can cause up to $25,000 in damage. Standard homeowners insurance does not cover floods. We provide NFIP and private flood coverage to protect what matters most.
✓ Up to $250,000 Building Coverage
✓ Up to $100,000 Contents
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⚠️ Important
Your homeowners insurance policy does not cover flood damage. Flood insurance must be purchased as a separate policy. Flooding is the #1 natural disaster in the United States — up to 11,000 households lose their homes to flooding every year.
The Risk Is Real
“I Don’t Live in a Flood Zone” — Are You Sure?
Most flooding in Oregon occurs from excess snowmelt that causes rivers and lakes to rise quickly and without warning. Between 20–25% of all flood claims come from outside designated high-risk areas. If it rains or snows, it can flood.
1 Inch = $25,000 in Damage
Just one inch of floodwater can cause up to $25,000 in property damage. A few inches can destroy flooring, walls, appliances, and personal belongings in hours.
Homeowners Won’t Pay
Most homeowners policies have zero flood coverage. Without a separate flood policy, you absorb every dollar of flood damage — repairs, replacements, and temporary housing — out of pocket.
Often Under $400/Year
Homes outside high-risk flood zones can often get a preferred flood policy for under $400 per year. The average flood policy costs less than $570 annually — a fraction of what a single flood claim costs.
Common Myths
Flood Insurance Myths — Debunked
There are a lot of misconceptions about flood insurance. Here are the most common ones we hear.
Myth
“My homeowners insurance covers floods.”
False. Standard homeowners policies do not include flood coverage. Only a separate flood policy purchased through the NFIP or a private insurer will protect your home from flood damage.
Myth
“I don’t live in a flood zone, so I’m safe.”
False. Between 20–25% of all flood claims come from outside high-risk flood zones. Snowmelt, heavy rain, and overflowing rivers can cause flooding in areas with no prior flood history.
Myth
“Flood insurance is too expensive.”
False. The average flood policy costs less than $570 per year. Homes in low-risk areas can often get preferred policies for under $400 annually — far less than the cost of a single flood claim.
Frequently Asked Questions
Flood Insurance Q&A
The questions Oregon homeowners ask us most about flood coverage.
Does homeowners insurance cover flood damage? +
No. Standard homeowners policies do not cover flood damage. Flood insurance must be purchased as a separate policy through the NFIP or a private flood insurer. This is one of the most common and costly misconceptions homeowners have.
Is flood insurance required? +
If you purchase a home in a designated flood hazard zone with a federally-backed mortgage, your lender will require flood insurance. If you pay cash or are in a low-risk zone, it’s not legally required — but strongly recommended. Flooding can happen anywhere.
How much does flood insurance cost? +
Premiums are based on your home’s age, number of stories, flood risk, location of contents, and your chosen deductible. The average policy costs under $570/year. Homes in low-risk areas may qualify for a preferred rate under $400/year.
What does flood insurance cover? +
Flood insurance covers direct physical loss from flooding. Building coverage protects your home’s structure up to $250,000. Contents coverage protects belongings up to $100,000. Higher limits are available through private flood carriers. NFIP policies also cover tsunami damage.
Can I get flood insurance if I’m not in a high-risk zone? +
Yes. Flood insurance is available to any property owner, regardless of flood zone designation. In fact, properties in low-risk zones often qualify for preferred pricing with lower annual premiums.
Is there a waiting period before flood coverage takes effect? +
Yes — NFIP policies typically have a 30-day waiting period before coverage takes effect. This means you cannot buy flood insurance when a storm is already forecast or flood watches are in place. Don’t wait until it’s too late.
What Our Clients Say
Real Reviews from Real Clients
Don’t just take our word for it.
