Standard homeowners’ insurance often does not cover flood damage, so purchasing a separate flood insurance policy is critical to protect your property. That’s right, while most people assume their homeowners’ insurance will protect them in case of a flood, they’re wrong.  Floods are treated very differently than risks like fire or a windstorm. With Delaware’s susceptibility to heavy rain and coastal storm surges, especially in low-lying areas, flood insurance is a wise investment. Flood insurance covers damage to the building’s structure as well as personal belongings, giving you peace of mind that your property is protected in the event of a flood. 

Moreover, if you’re in a high-risk flood zone, flood insurance may be required by your mortgage lender to ensure compliance and secure your financial stability. Even for those outside high-risk areas, FEMA has noted that nearly 25% of flood claims come from low-to-moderate risk zones, making coverage beneficial for a wider range of Delaware residents.