There Will Be Flood - Are You Covered?


Flood insurance is not a part of basic homeowners insurance.

Many policyholders do not realize that basic homeowners insurance does not include protection from flood damage. Instead, the Federal Emergency Management Agency (FEMA) administers flood insurance through a federal program.

The National Flood Insurance Program (NFIP) is a federally subsidized program that is available to any property owner whether or not the building is in a floodplain. Insurance is sold through a private insurance agent who wants to sell it in a community who has joined the program. The NFIP is based on an agreement between local communities and the federal government which states that if a community will implement measures to reduce future flood risks to new construction or substantial re-construction, the federal government will make flood insurance available within the community as financial protection against flood losses which do occur. Exemptions will be determined on a case-by-case basis; contact your insurance agent for more information.

How do you know if your home is vulnerable to flood?

One never knows where or when a flood will strike. They often accompany other natural disasters such as storms, hurricanes, early snowmelts, and rising rivers. Plus, the construction of roads, shopping malls, residential and industrial complexes reduces the land’s natural ability to absorb water, which increases runoff and the risk of flooding. About 25% of all flood insurance claims come from outside high-risk areas. In 2012, the Federal Emergency Management Administration updated the nation’s Flood Insurance Rate Maps (FIRMs). These maps help private citizens, insurance companies and brokers, and lending institutions locate properties and buildings to determine the amount of flood risk and whether flood insurance is required.

Flood insurance is affordable.

Flood insurance is actually quite affordable. But that has yet to increase its popularity. According to online studies, only one-quarter of the most vulnerable homes are insured, even though statistics have shown that their homes are much more likely to be flooded than destroyed by fire. Prices depend entirely on the amount of coverage you wish to purchase and the area where your home is located. Coverage choices can include insuring the contents of your home as well as the structure of the building. Contact us today with any further questions.

Learn More –> Flood Insurance and Your home


Michael established The Sawaya Law Firm in 1977 and built it into one of the largest personal injury law firms in Colorado, with more than 20 lawyers and 80 staff members serving clients from five offices located in Denver, Greeley and Colorado Springs. Throughout its history, the firm has stayed true to its 12 Core Values, which emphasize excellence in advocacy and a commitment to providing outstanding client service. Michael studied sociology and economics as an undergraduate student at The Colorado College, and he earned his law degree from the Texas Tech University School of Law. In addition to being involved in several legal and community organizations, Michael enjoys playing music and cooking, and he has written a book on spiritual matters.