Why flood coverage matters in the Great Lakes Bay Region
Mid-Michigan has seen serious flooding in recent years, including the 2020 dam failures along the Tittabawassee River that affected Midland and Saginaw counties. Heavy spring rain, fast snowmelt and river levels can put homes at risk — even homes that have never flooded before.
Standard homeowners and renters policies typically exclude damage from flooding, which generally means surface water, overflowing rivers and similar rising-water events. A separate flood policy fills that gap.
What flood insurance can cover
- Building coverage — the structure, foundation, electrical and plumbing systems, furnaces and water heaters, and permanently installed items.
- Contents coverage — furniture, clothing, electronics and other belongings. Renters can buy contents-only coverage.
- Debris removal and certain cleanup costs, subject to policy terms.
Don't wait for the forecast. Many flood policies, including those through the National Flood Insurance Program, have a waiting period — commonly 30 days — before coverage starts, with limited exceptions such as a new mortgage.
Do I need it if I'm not in a high-risk zone?
Lenders usually require flood insurance in high-risk flood zones. But floods also happen outside those zones, and coverage there can be more affordable. If you live near the Saginaw River or its tributaries, in a low-lying neighborhood or have a basement, it's worth a conversation.
How we help
We'll help you review your flood risk, explain building versus contents coverage, and look at options available through Farmers®. Pair it with a solid homeowners policy and you'll know exactly where each type of water damage is handled.
Flood insurance FAQs
Does homeowners insurance cover flood damage?
Typically no. Flood damage from rising water is usually excluded from standard homeowners policies and needs a separate flood policy.
How long until a flood policy takes effect?
Many flood policies have a waiting period, commonly 30 days, with some exceptions such as coverage required when you get a new mortgage.
Can renters get flood insurance?
Yes. Renters can buy contents-only flood coverage to help protect their belongings.
Is a basement covered by flood insurance?
Basement coverage is often limited to certain items like furnaces, water heaters and electrical panels. Finished-basement contents may be limited. Ask us for details.
Is water backup the same as flood?
No. Sewer or drain backup is usually handled by an endorsement on your homeowners policy, while rising water from outside is flood. We'll help you cover both.