What Is Flood Insurance, And How Does It Differ From Homeowners Insurance?

A dangerous misconception could leave your home completely unprotected when disaster strikes. As Timothy Walters reveals standard homeowners insurance policies simply don't cover flooding—a harsh reality many East Tennessee and Western North Carolina residents learned the devastating way after Hurricane Helene.

"We all live in a flood zone," Walters emphasizes, challenging the common belief that only certain areas need flood protection. This critical distinction became painfully clear when countless homeowners discovered their regular insurance wouldn't cover a penny of flood damage. The conversation dives deep into what exactly constitutes "flood damage" versus regular water damage, explaining why a burst pipe that floods your basement is covered while rising river water that does the same damage isn't.

Walters breaks down the two primary flood insurance options available to homeowners: private market insurance (which often provides more robust coverage at better rates) and the government's FEMA program (which may be the only option in certain high-risk locations). He explains the coverage limitations of each, highlighting that private insurance typically allows for full replacement value coverage while FEMA programs impose caps that might leave high-value homes underprotected.

Whether you live in a traditionally flood-prone area or somewhere you'd never expect flooding to occur, this episode delivers essential information that could protect your biggest investment. Listen now and discover if you're truly covered before the waters rise. Then subscribe to The Walters Agency podcast for more expert insurance guidance that cuts through confusion and saves you money.

To learn more about The Walters Agency visit:
https://www.brightway.com/agencies/tn/knoxville/0237/team
The Walters Agency
7009 Asheville Hwy
Knoxville, TN 37924
423-417-2070