Having protection against flooding events linked to heavy rain and severe weather as well as extreme events like levees overtopping and dam failures, is crucial. However, standard homeowners insurance doesn't cover flooding. 

Most homeowners aren't aware that just a few inches of water from a flood can cause tens of thousands of dollars in damage. In June of 2025, the average claim for a national flood insurance policy was reported to be over $35,000. Flood insurance is the best way to protect yourself from devastating financial loss.

Flood insurance is available to owners and renters of homes, condos, and commercial buildings. The cost of insurance varies depending on how much insurance is purchased, what the insurance will cover, and the property's flood risk. For more information about flood insurance or to find an agent in your area visit FloodSmart.gov.

With the newly mapped procedure, there is a 70% discount on flood insurance for the first $35,000 in coverage when there has been a change in floodplain mapping. Learn more about it here. 

Risk Rating 2.0

The latest flood insurance rating methodology is called Risk Rating 2.0 (RR 2.0). This NFIP pricing approach was introduced in phases that began with new policies in October of 2021 and continued with renewed policies in April of 2022; the pricing approach was fully implemented in April of 2023. This approach is intended to have insurance rates more accurately reflect a property's unique risk by incorporating site-specific metrics beyond the flood zone and BFE.

The implementation of RR 2.0 resulted in premium decreases for some property owners in Kansas, but others also saw increases. Through the Home Owners Flood Insurance Affordability Act of 2014 though, flood insurance rates are not permitted to increase more than 18% in a given year for a primary residence. To find the full amount of the RR 2.0 premium, policyholders should review the declaration page of their flood insurance policy.

More about Risk Rating 2.0 can be found on this fact sheet.

Information on flood insurance discounts through the Risk Rating 2.0 methodology can be found on this handout. 

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