Flood Insurance in Murray, UT

Standard homeowners and commercial property policies typically do not cover flood damage. To handle losses caused by flooding, a separate insurance policy is often necessary. Statewide Insurance Agency can help you assess your risk and select the right coverage.

Who Needs Flood Insurance?

Anyone who owns or rents property in Utah may benefit from flood insurance, including those in low- and moderate-risk zones. Flooding can happen anywhere, and even a small amount of water can cause significant damage. Mortgage lenders may require this coverage for properties in designated flood zones; however, we recommend that all property owners assess their potential risk.

What Is Covered by This Policy?

Standard flooding insurance policies may include:

• Coverage for your building’s structural elements, including walls, floors and foundation
• Coverage for essential systems such as electrical, plumbing and HVAC
• Coverage for personal belongings, including furniture, appliances and clothing
• Coverage for businesses’ inventory, equipment and lost income

It’s important to note that flood insurance usually does not cover preventable damage from moisture, mildew or mold, or property outside your building, like landscaping.

How Does This Insurance Affect Your Mortgage?

Lenders may require flood insurance if you have a mortgage, particularly for homes in high-risk zones. These conditions formally obligate you to maintain a policy as long as your loan remains outstanding. You may be able to include premiums in monthly escrow payments. Once you’ve paid off your mortgage, you can reassess your flood-related coverage needs.

We’re Here to Hselp

Our team at Statewide Insurance Agency can help assess your risks and find the right coverage for your needs. Contact us today to get a no-obligation quote.