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  • Writer's pictureJLA Insurance Group

Significant rain in southeast Michigan has damaged hundreds of homes

The cost associated with water damage in your home can be devastating

Every resident in Michigan understands that they are at risk of basements flooding. Especially with record rainfall in spring and summer 2021.

There are two ways to prevent large financial burdens - water backup & sump overflow coverage through your homeowners insurance and flood insurance.

Since flooding and water damage in your home and basement can be an emotionally and financially devastating event, we recommend you consider these options. Additionally, these options will allow you to recover faster and more fully.

To understand how much damage water can cause, use the tool below to see how much flood damage – even from just a few inches of water – could cost you.

What impacts flood insurance policy costs?

A number of factors are considered when determining your annual flood insurance premium. These factors include:

  • Flood risk (e.g., your flood zone)

  • The type of coverage being purchased (e.g. building and contents coverage)

  • The deductible and amount of building and contents coverage

  • The location of your structure

  • The design and age of your structure

  • The location of your structure’s contents (e.g. Are your utilities elevated?)

Your property’s elevation

For properties in high-risk flood areas built after the first Federal Emergency Management Agency (FEMA) flood maps, the elevation of the building in relation to the base flood elevation is also a factor.

How can I pay less for flood insurance?

Your insurance premium is based on a number of factors but there are a few key actions you can take to pay less for flood insurance each year:

  • Lower your flood risk

  • Choose a higher deductible

  • Provide an elevation certificate

  • Encourage your community to mitigate risk


If you need assistance with your flood or homeowners insurance, please contact us today! Our personal insurance team is waiting to provide expert guidance and advice.


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