Think you don’t need flood insurance? Perhaps you don’t live near water, or maybe you have a great homeowners policy. The truth is, every home is at risk of flooding. Before passing on flood coverage, here are five things you should know.
1. Every home is in a flood zone.
According to the National Flood Insurance Program (NFIP), nearly 20% of all flood insurance claims are made by homeowners living in areas considered a low risk for a flood. That means regardless of whether your mortgage company required you to purchase flood insurance, your home is at risk for flooding.
2. No homeowners insurance policy covers flooding.
It’s a common misconception that homeowners insurance covers flood damage, but the truth is only flood insurance covers flood damage. Without it, the cost of the damage comes out of your pocket.
3. You can’t rely on the federal government to pay for flood damage.
Federal assistance is only available if the president declares an area a disaster. Even then, the assistance is not compensation for your losses, but rather a low-interest loan that requires repayment with interest, along with your mortgage.
4. Flood losses are costly.
Most people don’t realize that just a few inches of floodwater can do thousands of dollars worth of damage. In a 2,000 square foot home, one inch of water can cause as much as $27,000 or more in damage to your home and its contents.
5. Flood polices are affordable.
AAA can help protect your home with rates starting at less than $1 per day.* In 2017 the average amount of flood coverage was $252,261, and the average annual premium was $707.
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Rates effective April 1, 2019. These PRP rates are for 1-4 Family Residential without a basement or enclosure. Other residential building and contents coverage combinations are available. Premium includes a 15% Reserve Fund Assessment, $25 Federal Policy Fee, Increased Cost of Compliance, and $25 HFIAA surcharge for policies covering primary residences only if the named insured’s primary residence is a single-family dwelling, an individual condominium unit, or an apartment in a non-condominium building. Add $225 to the HFIAA surcharge for all other policies. Add the $50 Probation Surcharge, if applicable. Deduct the Increased Cost of Compliance if the risk is a condominium unit.
Flood insurance purchased through AAA is underwritten by a participating insurer of the National Flood Insurance Program (NFIP). The NFIP is administered and regulated by the Federal Emergency Management Agency (FEMA).
* The full annual premium must be paid prior to policy inception. In certain circumstances, flood insurance can be canceled and a refund can be issued. For additional information about cancellation, please contact your agent.
Add more protection to your membership with AAA Plus RV and Premier RV coverage. Adding this valuable protection to your membership extends your four service calls per membership year to include RV trailers, RVs and other eligible vehicles.
RVs: Motorhomes; travel trailers; dual-wheel campers; and dual-wheel, unloaded pickup trucks with or without campers.
Motorcycles: Flat tire service, towing and fuel for the motorcycle you are driving.
RV Trailers: Travel trailers, boat trailers, utility trailers, unoccupied livestock trailers and trailers designed for the purpose of transporting personal watercraft, ATVs, motorcycles, snowmobiles, golf carts and dune buggies.
Specialty Vehicles: ATVs, dirt bikes, snowmobiles and dune buggies.
Extended Towing: One tow up to 200 miles, and three tows up to 100 miles each.
Towing: Four tows up to 100 miles for Plus RV members; One tow up to 200 miles of towing and any remaining qualified tows up to 100 miles for Premier RV members.*
Flat Tire Service: Replace your vehicle’s or trailer’s tire with its mounted spare.**
Fuel Delivery: Free fuel delivered to get you to the nearest station.
Double Extrication Service: If your vehicle or trailer becomes stuck in a ditch or snow, it will be extricated or winched as long as it can be safely reached from the hard surface road. If needed, a second truck and operator will be called in to help (up to one hour) at no additional charge.
Vehicle Locksmith Service: Plus RV – up to $100 reimbursement; Premier RV – up to $150 reimbursement.
One-Day Free Car Rental: Premier RV members are also entitled to one complimentary one-day rental car with a qualifying, non-collision tow.
Car Travel Interruption: If you’re traveling by car and are 100 miles or more from home and have a breakdown or accident, or if your vehicle is stolen while en route, we’ll reimburse you for unexpected emergency expenses up to $1,000 for Plus RV and up to $1,500 for Premier RV members. Reimbursable expenses include: meals and lodging, car rental, and transportation home or to your destination within 72 hours.
Before setting out on the road, take advantage of these AAA exclusive offers:
Get 100 miles of free towing for your RV, trailers, ATVs and more with Plus RV coverage.
Get 200 miles of free towing for your RV, trailers, ATVs and more with Premier RV.
Upon activation and with proper identification, AAA will provide regular AAA services and full privileges for the new member. Roadside benefits begin three days after payment of dues. Some restrictions apply.
*Effective immediately. Plus RV and Premier RV towing, extrication and tire service is limited to $500 per eligible service call and $1,000 per household per membership year. These dollar limits are applicable to service provided to Plus RV and Premier RV vehicle types only, beginning in your new membership term. Members will be responsible to pay the service provider directly for all other costs of service above these dollar limits at the time service is provided. Refer to the online member handbook for the RV vehicle types affected. Members will be responsible to pay the service provider directly for all other costs of service above these dollar limits at the time service is provided.
You must be a valued AAA Plus RV or Premier RV member to be eligible for RV roadside assistance and other enhanced benefits. For non-commercial or personal use only. Battery jump-start not available for motorcycles. Dues rates are prorated for existing members upgrading to recreational vehicle roadside coverage. There is a 3-day waiting period for RV-specific roadside assistance benefits to begin. Cannot exceed trailer load maximum weight. Livestock must be removed prior to towing. All Premier benefits apply to Premier RV members. Plus RV and Premier RV members’ service calls are included in their four roadside service entitlements per membership year.
Members requesting roadside assistance outside of FL, GA, TN, ND, NE, WI, MI, MN/IA and IL/IN will be serviced by an affiliate AAA Club based on that club's servicing guidelines. For service outside this territory, please submit receipts for qualified service acquired for reimbursement. A claim form is located on AAA.com under Contact Us.
**For motorcycles, the coverage is air only. If this fails to make the motorcycle operable, the towing benefit will apply.
***Insurance underwritten by one of the following companies: Auto Club Insurance Association, MemberSelect Insurance Company, Auto Club Group Insurance Company, Auto Club Property-Casualty Insurance Company, Auto Club South Insurance Company, Auto Club Insurance Company of Florida, or non-affiliated insurance companies.