If you live in a high-risk flooding area, having flood insurance can be one of the most valuable purchases you’ll ever make. This year, the South has received massive amounts of flooding resulting in devastating losses of homes and businesses. Floods are the most common natural disaster in the United States with an average NFIP claim of $42,000. In the past five years, all fifty states have experienced floods. There are a few important facts to know about flood insurance in today’s world as an insurance agent and as a client.