(800) 253-1482Missouri Flood Insurance Quotes
Summary: Flood insurance is available through FEMA and private carriers in Missouri. Homeowners and renters alike need coverage to protect from flood damage as other policies won’t suffice. While not required by law, flood policies may be mandatory by your lender depending on where you live. Get quotes from private and government flood insurance policies to save money and protect your home. Estimated Read Time: 4 mins
Flood damage is a pressing threat for any Missouri resident and whether you're a homeowner or a renter, you'll need to be prepared. Missouri flood insurance covers this peril whereas homeowners and renters policies do not.
Having flood insurance in Missouri is essential due to the growing risks caused by changing weather patterns and an increase in population.
Best of all, flood insurance policies are available for Missourians, even without a federal disaster declaration.
There are policies offered by both private insurance companies and FEMA's National Flood Insurance Program (NFIP).
Comparing both can help you find not only the best coverage but also save on premiums while you protect your home.
To get started, use the flood insurance quote tool below for a quick, online comparison of both private and government coverage options.
How Much Is Flood Insurance in Missouri?
Flood insurance in Missouri typically costs between $1,000 and $1,600 per year on average.
The exact amount depends on factors like your home's size, age, the building materials used, the flood zone it's in, the amount of coverage you need, your deductible, etc.
What Does Flood Insurance in Missouri Cover?
The NFIP provides $250,000 worth of coverage for the structure of your home and as much as $100,000 worth of coverage for its contents.
Both government and private flood insurance companies offer these coverages, which work like this:
- Building Coverage: If a flood damages your home’s foundation, permanently installed features, or home systems (HVAC, plumbing, etc.), you’re covered. The focus here is on your home’s structure.
- Contents Coverage: If a flood damages your personal property, including electronics, small appliances, and even portable air conditioners, you’re covered.
Private Flood Insurance in Missouri
Private flood insurance carriers are also available if you don't want to sign up for NFIP coverage.
These companies offer protection in case of flood and have many benefits and considerations homeowners and renters should consider.
For example, private carriers may offer higher policy limits and faster coverage than the NFIP.
However, switching from the NFIP to private flood insurance and then trying to go back to government coverage can result in higher rates.
Also, private companies might not insure all properties, like mobile homes or those with significant past flood claims.
NFIP policies are backed by the federal government, compared to private companies that carry the risk of going out of business.
Ultimately, comparing private flood insurance companies with the NFIP is important because you may need more coverage, there are other benefits and best of all, you could save money.
The only way to know if you are fully protected from flood damage and if you're paying the lowest possible premiums is to compare both government and private options from top-rated, reputable carriers.
Is Flood Insurance Required in Missouri?
In Missouri, flood insurance isn't required by law, but lenders often mandate it for homes in high-risk areas. V, VE, or V1-V30 flood zones carry the highest risks, however, nearly 40% of all flood claims come from low-risk areas.
Therefore, while optional, it's an important consideration for everyone. If you are buying a home, it's important to review your lender's terms to understand whether or not flood coverage is required or not.
Missouri Moratorium on Flood Insurance
In Missouri, an NFIP policy usually has a 30-day waiting period before it starts. However, this waiting period doesn't apply in some cases.
If flood insurance is required by a federally backed lender or due to a community flood map change, the policy starts immediately.
If you are buying, increasing, extending, or renewing a loan, coverage will start once you close on your home provided both the policy and payment transaction are completed at the time.
Furthermore, if you're building in a Special Flood Hazard Area (SFHA) and your lender requires insurance, your policy begins once you've paid and submitted your application.
Finally, if you have a new flood insurance policy caused by changes to flood maps being updated, if your home is in an SFHA, your coverage will begin one day after you've applied and paid for the policy.
FAQs About Flood Insurance in Missouri
In a perfect world, having extra coverage for flood damage might not be necessary.
We understand that the process of getting coverage can feel complex but it doesn’t have to. Freedom Insurance Group is here to help.
If you need a flood insurance quote, simply click the link or use the tool above.
If you need more information, check out some of the common questions we hear from Missouri residents about flood insurance to make an informed decision.
Who Underwrites the National Flood Insurance Policy?
FEMA administers the NFIP and your coverage is underwritten by the federal government.
Is Flood Insurance Tax Deductible for Missouri Residents?
Flood insurance costs are not tax-deductible, but you can claim some flood-related expenses.
You can only claim a casualty loss deduction for federally declared disasters through 2025.
Also, as of this writing, man-made disasters are not eligible for this deduction through 2025.
Does Flood Insurance Cover Sump Pump Failure in MO?
Homeowners and flood insurance don't cover water damage from sump pumps or sewers.
In Missouri, many homes have sump pumps, so adding a sump pump/water backup rider to your home insurance can cover personal property and structural damage.
