Almost no one in Kentucky has flood insurance, and contrary to what you might think, you might not either. I’m Amy E. Feldman.

According to the Federal Emergency Management Agency (FEMA), in the ten counties most devastated by the recent flooding in Kentucky, only 2.3 percent of homeowners have flood insurance, so there’s no insurance to cover the cost of repairing or replacing what most have lost. The reason for that is probably the same reason that most people who think they’re covered in case of a flood find out too late they aren’t.

It’s because while standard homeowner insurance policies cover many types of water damage, damage caused by flooding is not covered by standard homeowner insurance policies unless you’ve specifically added it. If you’re not certain you carry flood insurance, ask your carrier if damage from a flood is covered. The National Flood Insurance Program managed by FEMA can provide information about what policies are available, so check before your finances are under water.

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