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Do You Need a NY Flood Insurance Policy?

Based on the recent string of hurricanes that have hit New York state, it’s almost become a necessity to purchase NY flood insurance.

ny flood insuranceAccording to, the National Flood Insurance Program was created with three mandates: to provide residential and commercial insurance coverage for flood damage, to improve floodplain management and to develop maps of flood hazard zones.

“I have NY home insurance. What do I need flood insurance for?”

Excellent question. The unfortunate answer is that NY home insurance (including renter & commercial property insurance) does not cover any loss from a flood.

“What if I purchase water backup & sump pump failure coverage?

As discussed here, Protect Your Home from Water Backup and Sump Pump Failure, water and sump pump backup covers drains, discharges, sump pumps, and toilets.  This does not include flood water that would be included in NY flood insurance policy.

NY Flood insurance is available as a separate policy offered by the National Flood Insurance Program and several private NY insurance carriers. However, premium rates are set by the National Flood Insurance Program so there is no competition between insurance carriers.

“So what events does NY Flood insurance cover?”

According to, NY flood insurance covers direct physical losses by flood and losses resulting from flood-related erosion caused by heavy or prolonged rain, coastal storm surge, snow melt, blocked storm drainage systems, levee dam failure or other similar causes. To be considered a flood, waters must cover at least two acres or affect two properties.

“How do I know if I need NY flood insurance?”

To find out if you are in a high hazard flood zone, go to Floodsmart. Enter your address and find out your flood risk profile.

If you have questions regarding NY flood insurance or if you would like to receive a NY flood insurance quote, please call us at (518) 456-6688 or click here to email us.  One of our flood insurance specialists will help you get the coverage you need.

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