Skip to content

Fox Insurance Agency Blog

All You Ever Wanted to Know About Insurance

An Inch of Water Can Be Costly – True or False?

When you think about a flood, do you imagine hurricanes, tropical storms and rising coastal waters? Seems logical, but there are many other ways for a flood to occur.

The reality is that a flood can occur from rain, melting snow or even a new development underway near your property. Basically, everyone is at risk because all it takes is a small amount of water to cause damage to a home or other property. 

An inch of water can be costly. It's true.

Flood can cause devastating damage. Even minor flooding can cause financial and emotional hardship. According to the, an inch of water can cause as much as $21,000 worth of damage to a 2,000 square foot property. And, in high-risk areas, the chance of a property flooding is twice that of having a fire. If the property isn't covered by flood insurance, the owner is on the hook for the entire cost.

Avoid Costly Mistakes

Take a minute to help save on an inch... or more. If you currently have property insurance coverage call us to review your policy to see if your home and other property is covered. If not, we can provide you a quote for protection from the National Flood Insurance Program (NFIP).

The standard Flood Insurance policy provides separate coverage options to protect against damage to the building and its contents. Depending on your needs, you may decide to purchase both. Combined coverage protects against damage to:

  • Structural elements such as walls, floors, equipment and fixtures
  • The property's contents such as furniture, appliances, wall and floor coverings
  • Personal items such as clothing, audio equipment and televisions

Don't wait until water is at your door. Call us for a quote and information on the benefits of purchasing flood insurance. In most situations, there is a 30 day wait after purchase for the policy to take effect.

We're here to help, call 503-277-2300 or email us at info [at] foxinsure [dot] com.