Is Flood Insurance Mandatory in New York?

When it comes to floods, there are many unknowns. This natural disaster could or could not destroy your property. But instead of rolling the dice and hope you will be safe, it’s better to secure yourself with flood insurance from Genesee Valley Agency of Arkport, NY.

But is flood insurance mandatory? Why do I need flood insurance? If you are having such questions about flood insurance, keep reading for insights.

Is flood insurance mandatory?

If you live in a high-rise house in New York, you can safely do without flood insurance. However, for most New Yorkers, flood insurance is necessary, if not required. 

For starters, if you live in a flood-risk area and a federal-regulated lender finances your home, you must buy flood insurance. But even if this is not the case, you still need flood insurance to protect your home and loved ones. 

Why do I need flood insurance?

The sad bit about flood insurance is that it’s not covered by home insurance. Most homeowners are usually disappointed when they learn that they will incur out-of-pocket repairs when floods strike, even though they have a home insurance policy.

Given this reality, it’s imperative to purchase flood insurance from private insurers or National Flood Insurance Program (NFIP). This coverage protects your building and its contents when floods strike. 

Additionally, flood damage can be expensive. According to FEMA, a one-inch rise in water levels can cost above $25,000 in repairs! Fortunately, you can avoid these costs by purchasing flood insurance.

Buy flood insurance today!

Given that anyone is at risk of floods, it’s a good idea to purchase coverage from Genesee Valley Agency. This way, you don’t have to shudder every time the weatherman mentions a looming windstorm. You will sit nicely in your cozy Arkport, NY home, knowing that your insurer will cover flood damage.

Preparing for Hurricane Season


With Hurricane Ida terrorizing houses from New Orleans to New York, many are regretting skimping on their flooding insurance this last month. Even areas that have no bodies of water around them can experience damage resulting from the tropical storms that hurricanes bring! Keeping yourself protected for the worst circumstances is what insurance is here for. Flood insurance can keep your mind at ease, even during a drastic flooding incident. 


Prevention is the key. Let’s go over how to keep yourself safe before, during and after hurricane season, for the remainder of Ida and for any inevitable future hurricanes 



Assessing Your Risk


New York State has many bodies of water both within and surrounding it. While it allows for fun trips to the beach and relaxing boat trips on the lake, it also increases the risk of flooding during hurricane season. Assessing how much flood risk your property may have is a good way to keep yourself and your family safe. By using your own past experience, experience from your neighbors, or helpful websites like, you can decide how likely you are to be affected by a flood. 


Buy Flood Insurance 


Now that you have a good idea of the likelihood of being affected by a flood, the first thing you can do is to insure your property. Review your current homeowners policy, as many base insurance policies do not cover damage from flooding or storms. If your current insurance doesn’t cover it, talk to your insurance representative about how you can add flooding and storm damage insurance. Don’t wait until hurricane season is already here! Policies tend to go for less during the months before, so it will be beneficial to plan beforehand. 


Inspect Your Home 


Once hurricane season is upon you, making sure your house is as secure as possible will help 

reduce and perhaps even prevent water from coming in. Ensure you don’t have any visible cracks or holes around the sides of your house. Put up sandbags as a way to divert water away from any openings or risk areas you may have. If possible, relocate important furniture or items that you can’t risk losing to a higher area of the house. 


Prepare a Safety Kit


A last precaution is to prepare a safety kit in case of emergencies. Packing a bag full of all the essentials that you might need in a situation where the flooding requires evacuation will help alleviate some of the stress during hurricane season. Pack things like water, extra food, a radio, batteries, a portable phone charger, and flashlights. Keep yourself and your family safe by staying prepared! 



Stay Inside


Assuming you are in an area that is high risk, follow all of the local guidelines provided by the authorities. Stay inside when you are advised to. Keeping inside during the storm will prevent getting trapped due to water affecting the roads and keep you in a place where you are secure.  


Stay Out of the Water


If you are affected by flooding, either inside or outside of your house, do not go into the water. Flooding water can have pollution, debris, sewage and other hazardous materials inside of it. To keep yourself safe from sickness or injury, avoid the water if at all possible. 


Contact Your Insurance Agent


If you have flood damage from the storm, contact your Insurance agent as soon as possible. Your agent can help you with the claim process and what to do first to prevent further damage to your home. 


Does Flood Insurance Pay For Damage To Personal Belongings?

Many people aren’t clear on what protection is offered by flood insurance. This government program is designed to reduce the risk of loss due to damages caused by flooding due to storms or other types of flooding in an area. This type of insurance can be required if the person lives in a high-risk area. The insurance protects your home, but you may be wondering if it also helps homeowners replace their personal belongings.

Flood Insurance

Flood insurance is a great idea to have, especially if you live near a coastal or low-lying area, but you may also want to get this coverage if you live near a dam or river. Even though they may not flood often, there is still a risk. Some homeowners lose everything when these rare events occur. The good news is that flood insurance usually helps pay to replace personal belongings such as clothing and furniture. Before purchasing a home, you should speak with an agent to determine what types of flooding risks are present in your area. Even if you already have insurance coverage in place, you may want to consider purchasing flood insurance too.

Reputable Insurance Agencies

Most reputable insurance agencies will also offer flood insurance coverage, such as Genesee Valley Agency, serving Arkport, NY. If you are interested in this type of insurance protection, you should work with an agent to determine your risks and any stipulations or time frame restrictions to be aware of before making a purchase. For example, it usually takes 30 days for the policy to take effect, which is important to know during peak season for storms and tropical activity. 

Protect the important things and help prevent loss associated with flooding-related events with flood insurance. If you live around the Arkport, NY area, call or stop by Genesee Valley Agency today to learn more and speak with an agent.