If you do not believe that you need flood insurance, consider the last time that water entered your home. Just one inch or less of water in your home can cause tremendous amounts of damage to property including the loss of many precious valuables.

For those that lose their belongings or even their home during a flood, an option for those without flood insurance is a federal loan that must be repaid. Or, you can take into consideration having flood insurance which means that you do not have to repay anything.

In many areas and with many flood insurance companies, you can request an immediate payment of at least partial what you have lost right after the event happened. This allows you to get the funds that you need faster and gets you back on track faster, too.