Flood Insurance Colorado Springs | Main Street Insurance

Flood Insurance in Colorado Springs - Don't Wait Until It's Too Late

While Colorado Springs isn't typically considered a high-risk flood zone, flooding events do occur—and homeowners insurance doesn't cover flood damage. Main Street Insurance - Patrick Murakami Agency helps Colorado Springs residents protect their homes with affordable flood insurance.

Does Colorado Springs Need Flood Insurance?

Yes. Here's why:

Fountain Creek Flooding Fountain Creek runs through Colorado Springs and has flooded multiple times:

  • 1935 flood caused significant damage

  • 2015 flood affected numerous properties

  • Urban development increases runoff

Flash Flooding Colorado Springs' unique geography creates flash flood risks:

  • Mountain runoff during heavy rain

  • Burn scar flooding after wildfires

  • Storm water system overwhelm

  • Low-lying areas near creeks

Recent Colorado Springs Flood Events:

  • Black Forest Fire (2013) followed by devastating flash floods

  • Waldo Canyon Fire (2012) burn scar flooding

  • Multiple spring runoff events

  • Severe thunderstorm flash flooding

What Does Flood Insurance Cover?

Building Coverage (up to $250,000)

  • Foundation and structure

  • Electrical and plumbing systems

  • HVAC systems

  • Built-in appliances

  • Permanently installed items

Contents Coverage (up to $100,000)

  • Furniture and clothing

  • Electronics and appliances

  • Curtains and carpets

  • Portable items

  • Valuables (limited coverage)

What's NOT Covered:

  • Temporary housing costs

  • Landscaping

  • Swimming pools

  • Decks and patios

  • Property outside buildings

  • Currency, precious metals

  • Most personal property in basements

How Much Does Flood Insurance Cost?

Costs vary based on:

  • Flood zone designation

  • Home's elevation

  • Distance from water sources

  • Building construction

  • Coverage amount selected

Average Colorado Springs rates:

  • Low-risk zones: $400-800/year

  • Moderate-risk zones: $800-1,500/year

  • High-risk zones: $1,500-3,000+/year

Do I Need Flood Insurance?

Required if:

  • You have a federally backed mortgage

  • Your home is in a high-risk flood zone (FEMA A or V zones)

Recommended if:

  • You live near Fountain Creek or tributaries

  • Your home is in a low-lying area

  • You have a basement

  • You're near burn scar areas

  • Local storm water drainage is poor

Important fact: 25% of flood claims come from moderate-to-low risk areas.

Colorado Springs Flood Zones:

High-Risk Zones (A, AE, AH, AO, V, VE)

  • 1% annual chance of flooding ("100-year floodplain")

  • Flood insurance required with mortgage

Moderate-Risk Zones (B, X)

  • 0.2% annual chance of flooding ("500-year floodplain")

  • Flood insurance optional but recommended

  • Lower premiums than high-risk zones

Low-Risk Zones (C, X)

  • Minimal flood risk

  • Affordable insurance available

Check your flood zone: FEMA Flood Map Service Center (msc.fema.gov)

National Flood Insurance Program (NFIP)

Most flood insurance is provided through NFIP:

  • Backed by federal government

  • Standardized coverage and pricing

  • Available through private insurance agents

  • 30-day waiting period before coverage begins

Private Flood Insurance

Some private carriers now offer flood insurance:

  • Sometimes more coverage options

  • Potentially lower rates

  • May have more flexible terms

  • No waiting period in some cases

We compare both NFIP and private options to find your best rate.

When Should I Buy Flood Insurance?

Now. Here's why:

  • 30-day waiting period (NFIP) before coverage starts

  • Can't buy it once a flood warning is issued

  • Spring snowmelt creates increased risk

  • Summer monsoons bring flash flood potential

  • Wildfire burn scars dramatically increase flood risk

Don't wait until you're watching the water rise.

Flood Insurance Tips:

✓ Take photos and inventory your belongings ✓ Keep irreplaceable items on upper floors ✓ Know your flood risk and evacuation routes ✓ Consider contents coverage even if not required ✓ Review coverage annually ✓ File claims promptly after flood events

Colorado Springs Areas of Concern:

  • Properties near Fountain Creek

  • Homes near Monument Creek

  • Sand Creek drainage areas

  • Black Forest burn scar zones

  • Waldo Canyon burn scar areas

  • Low-lying areas in Security-Widefield

  • Areas with poor storm water drainage

Get Your Flood Insurance Quote

Protect your home from flood damage. Call Main Street Insurance at 719-309-6439 or visit 5214 N Nevada Ave #100 to discuss flood insurance options.

Remember: Homeowners insurance does NOT cover flood damage.

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