Another one we hear often: “We don’t live near the ocean / bay / a river….so we don’t need flood insurance”. We hear these well-reasoned and logical enough arguments for not buying flood insurance from homeowners ALL the time.
I’m sure insurance advisors in Boulder Co. have heard them as well. Then the RAIN started. Historic rain (rain is funny that way — it makes history often) Then, this happened in Colorado http://www.foxnews.com/weather/2013/09/12/1-dead-in-colorado-floods/%20?test=latestnews Yup, historic rain. Very historic.
Buying insurance to protect from flood damage is not only for those who expect flood damage. It is also wise to learn from the mistakes of others who falsely believed that since it has not flooded here before, it will not flood here in the future. Like the many in Boulder, CO who were certain this damage could never happen to me.
If you do not live in a high risk flood zone, your risk is low, but it is not zero. Why not spend about $400 a year and buy some flood insurance …..just in case historic rains visit your area?!
Private Risk Advisor 
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