Do You Need Flood Insurance In Nashville?

We all remember the devastating floods of 2010. The torrential rains on May 1 and 2, 2010 resulted in a number of deaths and widespread property damage. At least 30 counties in Tennessee were declared major disaster areas by the federal government, an estimated 31% of the state covered in flood damage. It costs millions of dollars in property damage. And sadly, most people had no flood insurance.

This disaster was a once in a thousand-year flood. So chances are, we won't see this type of devastation again in our lifetimes. However, we all know mother nature lives by her own rules. This year alone has been unlike any other February rainfall we've seen in previous years. So far in 2019, we’ve had record rainfall with 11.37 inches.

According to the Tennessean, The three wettest Februaries on record for Nashville were in 1880, 1820 and 2018.

  • In 1880, Nashville had 12.37 inches of precipitation, the current record.

  • The city had 10.95 inches in 1820.

  • The total in 2018 was 10.91 inches.

Here are rainfall totals in Nashville since the year 2000:

Source: National Weather Service; AccuWeather; *2019 total through Feb. 19

As you can see from the data, rainfall is not predictable. And there is no way of knowing if we will ever see the kind of flood damage we had in 2010.

So do you need flood insurance if you live in Nashville?

You may want to consider that it’s always better to be safe than sorry.

Most people are not aware that their homeowners policy will not cover flood damage. Flood damage is excluded under standard homeowners and renters insurance policies. However, flood coverage is available in the form of a separate policy from the National Flood Insurance Program (NFIP). The NFIP provides coverage for up to $250,000 for the structure of the home and up to $100,000 for personal possessions. Most policies cost around $500 a year for low-risk areas.

The best way to decide if you need a flood policy is to find out what options are available to you. Getting a quote for flood insurance is a quick & easy process. We can easily identify if you're in a high or low-risk flood zone, and how much the premium would be to cover your home.

If you're interested in protecting your home with a flood policy, let's chat and give you some peace of mind that if mother nature acts up again, you’re covered!