3103 Breckenridge Ln
Louisville, KY 40220
Get Directions

The Palacio Miller Family of agencies -
Proudly Serving a five-state area!

When is a homeowner legally required to buy flood insurance?

Flood insurance is vital coverage that is recommended for all homeowners. Palacio Miller Agency offers flood policies to help Louisville, KY residents better protect their home investment.

When is a homeowner legally required to buy flood insurance?

Some Louisville, KY homes sit inside flood zones that the Federal Emergency Management Agency (FEMA) determined to have a high probability of frequent flooding. The federal government, through the Federal Deposit Insurance Corporation (FDIC), requires homeowners who purchase these homes to also purchase flood insurance to protect them.

What Homes Must Carry Flood Insurance?

Not every Kentucky home needs this type of policy, but if you reside near a creek or river, purchasing one can help protect you from the inevitable. You should check your home’s address using FEMA’s Flood Map Service Center to learn which zone your home falls into for flood risk. If the map reveals that your home sits inside a zone beginning with an “A” or a “V,” and you hold a federally-backed mortgage, you’re legally required to purchase flood insurance.

What is a federally-backed mortgage?

The term federally-backed mortgage describes most mortgages in the US. If the bank, credit union, or other financial lenders you use carries the phrase “insured by the FDIC” or “insured by the Federal Deposit Insurance Corporation,” that means federally backed. You must purchase flood insurance if your home sits in a zone beginning with an “A” or a “V.”

How do you purchase flood insurance?

Palacio Miller Agency offers flood insurance, and it only takes a phone call or an email to us to start the process. Purchasing flood insurance to complement your homeowners’ policy uses a similar process to home coverage. We ask many of the same questions, but some do change.

When you contact us directly, we’ll ask if you want structure coverage, contents-only coverage, or both. Homeowners typically choose the coverage of both, since that means their house and personal items in it receive coverage. Contact us today to get started.

Should I invest in flood insurance?

Even if you reside outside a special hazard designation, it’s imperative to purchase flood insurance from Palacio Miller Agency to cushion you from the devastating effects of flood damage. Statistics reveal that those designated outside the flood-prone areas file more than 25% of flood claims nationwide. Floods top the charts for being one of the most widespread natural calamities in the United States.

Regrettably, the standard home insurance doesn’t cover floods; it’s prudent to purchase a separate flood insurance policy in Louisville, KY to safeguard your dwelling or home business. Just because you have not been affected by the ravaging effects of flood damage in the past doesn’t guarantee that you won’t experience it in the future. Be wise and design a great plan in Louisville KY early enough to hinder wrestling with substantial financial constraints. Please speak to our agents at Palacio Miller Agency and get to learn more about flood insurance coverage.

Buying flood insurance from Palacio Miller Agency is a worthwhile asset as it harbors the following benefits:

 Keeping your loved ones safe.

It’s vital to initiate a contingency plan and purchase magnificent flood insurance before unexpected calamities strike. This prudent decision of acquiring good flood insurance will safeguard your family and loved ones from looming incertitudes like fire or hail. Buying this vital policy will cushion your family from homelessness and renting an apartment when flood-related damage ravages your dwelling.

Safeguards your property

Do you know that one inch of floodwater can induce more than 25,000 dollars worth of damage to your dwelling? Regrettably, many Louisville KY residents believe that home insurance policies cover floods. This bearing of such a misconception is confusing and alarming. Flood insurance reimburses for damage to your walls, roof, floor and other permanent fixtures to your dwelling.

It instills peace of mind.

The weather can be unpredictable. Flooding can strike at any time without prior warning, triggering substantial damage to your dwelling and contents inside. Instead of battering in worries every time a weatherman mentions looming weather, it’s prudent to buy solidified flood insurance and be guaranteed protection to your loved ones when this menace strike.

Are you a Louisville, KY resident, looking for flood insurance to safeguard your dwelling and loved ones? Please call or visit our offices at Palacio Miller Agency for more information about flood insurance.


  1. We are locally owned and operated!

  2. We provide coverage through multiple carriers!

  3. We can combine coverage to save you money!

  4. We offer friendly customer service!

  5. You have 24-hour access to your policy info!


  1. Arkansas
  2. Indiana
  3. Kentucky
  4. Mississippi
  5. Tennessee


Left Arrow Read More Right Arrow