Just a few inches of water from a flood can cause tens of thousands of dollars in damage. Over the past 10 years the average flood claim in the United States has amounted to over $33,000. Flood insurance is the best way to protect your investment from a devasting financial loss since typical homeowners’ insurance does not cover property loss from a flood. Nearly 25% of all flood insurance claims come from moderate to low risk areas. Flood insurance is available to homeowners, condominiums owner/renters, and commercial owners/renters. Costs vary depending on how much insurance is purchased, what it covers, and the property’s flood risk.