Is your home underinsured? If you’ve lived in it awhile and haven’t changed the coverage, you are probably underinsured. Building costs and home values have gone up over the years, and covering your home in the event of a disaster is key. These topics don’t address the flood risk at all, however. If you live in area that is a prone to flooding, you want to buy flood insurance. It’s sold separate from your homeowner’s insurance, but you want to get this done. Learn more about flood insurance at floodsmart.gov. In most cases, you can call your insurer and ask them if you should boost your coverage. Your premiums will go up, but you will be saving a lot if there is a disaster. You want to raise the deductible on your homeowner’s insurance as high as it will go. Just remember that your lender may limit your deductible if you have a mortgage.