Who Should Consider Getting Flood Insurance? These Days, Almost Everyone
Once thought of as a niche product only necessary for people living near rivers, lakes, or the coastline, flood insurance is quickly becoming a must-have for nearly everyone. As climate change intensifies extreme weather patterns across the globe, floods are no longer limited to traditional high-risk areas. Today, the question isn’t “Should I get flood insurance?” — it’s “Can I afford not to?”
Climate Change Is Changing the Rules
Over the past decade, communities across the U.S. and around the world have experienced an increase in the frequency and severity of extreme rain events. Warmer temperatures mean the atmosphere holds more moisture, resulting in heavier, more concentrated rainfall. These intense storms often overwhelm drainage systems and cause flash floods — even in areas far from any body of water.
Flood Maps Are No Longer Reliable
Many homeowners assume they are safe if they don’t live in a designated flood zone. But outdated flood maps often fail to reflect current climate realities. In fact, more than 25% of all flood insurance claims come from properties located in “low-risk” zones. Simply put, just because your area hasn’t flooded in the past doesn’t mean it won’t in the future.
The Cost of Recovery Is Higher Than the Cost of Coverage
Without flood insurance, homeowners may be forced to rely on limited federal disaster assistance or out-of-pocket expenses to repair damages. Flooding can cause tens of thousands of dollars in damage — even a few inches of water can ruin flooring, electrical systems, furniture, and more. In contrast, flood insurance policies can cost a few hundred dollars per year, providing peace of mind and financial security.
Urban Areas Are Especially at Risk
Urbanization increases flood risk. Paved roads, buildings, and stormwater runoff systems often cannot absorb or redirect large volumes of rainwater quickly. As cities grow, so does their vulnerability to flooding, even without hurricanes or overflowing rivers.
The Bottom Line
Flood insurance is no longer just for people living on the coast or next to rivers. It’s becoming a smart — and increasingly essential — investment for anyone who wants to protect their home and finances in the face of unpredictable weather. As the climate continues to shift, flooding can happen anywhere. Being prepared isn’t paranoid — it’s practical.
