Did you know that approximately 20% of homes nationwide are prone to flooding? That might not be so bad since your policy covers this, right? If you said, “It’s no biggie,” we urge you to pull out your insurance packet and reread the contents. Floods are by no means covered by a standard insurance policy. Because of such a high percentile, many insurance companies refuse to create flood insurance policies due to the likelihood of a flood happening in a given area. In some areas, flood insurance is a requirement for a mortgage loan.