Flood Insurance Looking for Flood Insurance in New York? Did you know that flood damage is NOT a covered peril on a New York state homeowners policy?Anywhere it rains, it can flood. Flooding is the most common and most expensive type of natural disaster in the country. According to FEMA, damage from just one inch of water can cause more than $20,000 in damage to your home and belongings. Flood insurance protection for your home is easy to purchase and often very affordable. Contact your New York state Flood Insurance advisors at Lighthouse Insurance Agency for a free consultation. Did you know that the average home has a 10% risk of being destroyed in a fire, yet a 26% chance of being destroyed in a flood? And contrary to common belief, flooding is not restricted to hurricane-prone areas or large bodies of water. In fact, about 25% of all flood-related claims come from low- to moderate-risk areas. A “flood” is defined as a general and temporary condition of partial or complete inundation of normally dry land areas from:The overflow of inland or tidal waters.unusual and rapid accumulation or runoff of surface waters.Mudflows caused by flooding.Floods can happen in developed areas or anywhere the ground is hard and does not absorb excess water. Erosion or inadequate drainage can also lead to floods or mudslides. This is why having Flood Insurance in New York is so important. (Scotia, NY Jumpin Jacks Flooded by Hurricane Irene) Flooding can damage your home’s foundation, structure, walls, floors, and contents. But damages due to flooding are excluded from a standard homeowners policy! Flood insurance protects you. It covers direct physical losses and damage to your home and personal property. Flood insurance is intended to protect you financially in case you suffer damage caused by flooding and helps get you back into your house as soon as possible. (Albany, NY Hackett Blvd- NY storms caused flash flooding) Request a Quote Name Email Address Phone Question Thank you! Oops!