Flood insurance covers direct physical damage caused by flooding to your home’s structure and, if you buy it, your belongings. NFIP policies cover up to $250,000 for the building and $100,000 for contents on a single-family home.
Building coverage includes the foundation, electrical and plumbing systems, furnaces, water heaters, built-in appliances, cabinets, and flooring. Contents coverage includes furniture, clothing, and electronics and must be purchased separately. NFIP does not cover vehicles or temporary living expenses, and it covers very little in basements, which matters for the many Colorado homes with finished basements. Private flood policies can offer broader options, including basement contents and additional living expenses.
Questions about your own policy? Johnson Insurance Agency in Englewood helps families and businesses across the Denver metro area and Colorado compare coverage from multiple carriers. Call us at 303-768-8130.
Related FAQs
Flood insurance costs vary widely, from a few hundred dollars a year for many lower-risk homes to several thousand dollars for homes near creeks and rivers. Under FEMA's Risk Rating ...
If your home is in a FEMA high-risk flood zone (a Special Flood Hazard Area) and you have a federally backed mortgage, your lender will require flood insurance. Lenders check ...
It's worth considering. Nationally, more than 20% of NFIP flood claims come from properties outside high-risk flood zones. In the Denver metro area, flooding often comes from intense summer thunderstorms ...
