Idaho DOI advises homeowners to purchase flood insurance

BOISE, ID – Severe summer storms have occurred across the state, and with that comes a reminder that anywhere it rains, it can flood. The Idaho Department of Insurance (DOI) is urging home and business owners to evaluate their flood risk and consider purchasing a flood insurance policy. A homeowner’s insurance policy does not typically cover flood damage, so policyholders will need a separate policy to be covered, according to a press release from the DOI.

Those who live in an area with low or moderate flood risk are 5 times more likely to experience flood than a fire in their home over the next 30 years. National Flood Insurance Program (NFIP) data shows that the total number of flood insurance policies in effect in Idaho is just over 5,600.

“Just one inch of water can easily cause $25,000 of damage to your home,” said Director Dean L. Cameron. “Flooding can be an emotionally and financially devastating event. With flood insurance, you’ll be protected in the event of flood damage – whether it’s an inch of water or a major weather event. I strongly advise Idahoans to take steps to safeguard your property.”

To find more information or purchase a flood policy, contact your insurance agent or visit www.floodsmart.gov. The Idaho Department of Insurance is available at 208-334-4319 or by going to doi.idaho.gov. More information on flooding and flood insurance can be found at https://doi.idaho.gov/consumers/home-renters-insurance/disasters/.