Greater San Diego Association of REALTORS^® Reminds Homeowners to Prioritize the Purchase of Flood Insurance

By Greater San Diego Association of Realtors®

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February 1, 2024 (San Diego) -- As the impact from the unprecedented flooding in San Diego County subsides, the Greater San Diego Association of REALTORS^® (SDAR) is reminding homeowners of how critical flood insurance is to helping protect your home and valuables. It is key to note that most homeowner insurance options do not cover damage from floods, meaning that individuals are required to purchase an additional coverage option for full flood protection. While basic insurance policies will cover damage from broken appliances or a damaged water pipe, full-scale flood coverage is not included.

Statewide, fewer than 2% of all homeowners have flood insurance on their property, and less than 50% have flood insurance protection in higher risk areas. If an individual is looking to acquire flood insurance, they can purchase it from a state-licensed insurance agent through the Federal Emergency Management Agency.