Homeowners and renters insurance exclude coverage for natural flooding. Thus, you’ll need to purchase a supplemental policy.
Flood insurance premiums are calculated based on individual property risks such as the unit’s elevation, physical structure, location and replacement costs. We encourage North Dakota residents to check their local flood map so they know whether they live in a moderate- or high-risk flood zone.
Flood insurance guards you against significant expenses, regardless of where you live. The Federal Emergency Management Agency (FEMA) notes that just an inch of water can cost you up to $25,000.