2. No homeowners insurance policy covers flooding.
It’s a common misconception that homeowners insurance covers flood damage, but the truth is only flood insurance covers flood damage. Without it, the cost of the damage comes out of your pocket.
3. You can’t rely on the federal government to pay for flood damage.
Federal assistance is only available if the president declares an area a disaster. Even then, the assistance is not compensation for your losses, but rather a low-interest loan that requires repayment with interest, along with your mortgage.
4. Flood losses are costly.
Most people don’t realize that just a few inches of floodwater can do thousands of dollars worth of damage. In a 2,000 square foot home, one inch of water can cause as much as $27,000 or more in damage to your home and its contents.
5. Flood polices are affordable.
AAA can help protect your home with rates starting at less than $1 per day.* In 2017 the average amount of flood coverage was $252,261, and the average annual premium was $707.
| Building Coverage |
Contents Coverage |
Annual Premium |
Cost Per Day |
| $20,000 |
$8,000 |
$183 |
$0.50 |
| $30,000 |
$12,000 |
$224 |
$0.61 |
| $50,000 |
$20,000 |
$290 |
$0.79 |
| $75,000 |
$30,000 |
$339 |
$0.93 |
| $100,000 |
$40,000 |
$374 |
$1.02 |
| $125,000 |
$50,000 |
$393 |
$1.08 |
| $150,000 |
$60,000 |
$418 |
$1.15 |
| $200,000 |
$80,000 |
$456 |
$1.25 |
| $250,000 |
$100,000 |
$482 |
$1.32 |
Talk with a helpful AAA Insurance Agent today about purchasing flood insurance.
Request a quote or call 877.288.4546.
Rates effective April 1, 2019. These PRP rates are for 1-4 Family Residential without a basement or enclosure. Other residential building and contents coverage combinations are available. Premium includes a 15% Reserve Fund Assessment, $25 Federal Policy Fee, Increased Cost of Compliance, and $25 HFIAA surcharge for policies covering primary residences only if the named insured’s primary residence is a single-family dwelling, an individual condominium unit, or an apartment in a non-condominium building. Add $225 to the HFIAA surcharge for all other policies. Add the $50 Probation Surcharge, if applicable. Deduct the Increased Cost of Compliance if the risk is a condominium unit.
Flood insurance purchased through AAA is underwritten by a participating insurer of the National Flood Insurance Program (NFIP). The NFIP is administered and regulated by the Federal Emergency Management Agency (FEMA).
* The full annual premium must be paid prior to policy inception. In certain circumstances, flood insurance can be canceled and a refund can be issued. For additional information about cancellation, please contact your agent.