One of the most deflating things to learn in any situation is to believe that you are covered by insurance only to find that you are not. Flooding is one of the worst events defined by that scenario. Many of us believe that our standard homeowner's insurance policy will protect our property against rising water. In most cases, it won't. That's why it's always a good idea, at least in my opinion, to invest in flood insurance.

After two devastating floods across our state this year, many Louisiana residents have learned their lesson the hard way or have learned by watching others work through the grief and loss of not having flood insurance. The reason most people don't invest in flood insurance is simple, they are not considered to be in a flood prone area.

A quarter of the claims paid out by the NFIP throughout its history have been paid on insured properties in what was considered low risk areas.

It's not surprising that more and more of our state's residents are opting to add flood insurance to their protection plans.  The NFIP referenced in the quote above is the National Flood Insurance Program. The quote was made by State Insurance Commissioner Jim Donelon. 

Donelon went on to explain to the Louisiana Radio Network why flood insurance is a better bet than going without. Especially when you consider what flood insurance covers.

Replacing all of your furnishings and contents in your home or your business equals in many cases the cost of repairing the building itself

Commissioner Donelon even explained that after this year's flooding events he and his family increased the amount of flood protection they have in their home and the contents within.

If you'd like to find out more about flood insurance for your home or business you can do that by visiting the National Flood Insurance Program website. If you'd like to find out if you are in a flood prone area you can visit this site for a map.