Often times, people believe their standard homeowners insurance will be sufficient preparation for flooding — not knowing that standard homeowners policies do not cover flood damages.

Three inches of floodwater will likely require replacing drywall, baseboards, carpets, furniture and other necessary repairs. In a 1500 square foot one-story home, estimated costs would be roughly $15,000 for six inches of water. Costs can rise to approximately $23,000 for flooding of eighteen inches or more. And if it requires repairs to heating /cooling systems, electrical, replacing doors, appliances and cabinetry, it can drive costs up to $30,000 or higher.

Typically, a new flood insurance policy becomes effective 30 days after purchase, which further proves the necessity of planning ahead of time. When a State of Emergency has been declared because of a hurricane, that's the time to be shuttering windows and enacting personal hurricane plans. That's not stressing about something as unpredictable as the weather.

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