Does having a basement increase your insurance cost because it easily floods during the rainy season?

Let’s start with the myth that all basements leak because they don’t. Insurance companies don’t charge a higher rate for basements. In-fact, you may get a better rate in many cases for the opposite reason. A regular house is built as if it will never face large amounts of water around it. A basement is just the opposite for it is automatically designed as if it will be inundated with water on a regular basis. In places like Texas and Oklahoma, it may be the only house around that will stay dry. Things like French drains, higher walls, and sump pumps with backups really come in handy when water tables rise. The other thing is basements would have to flood all the way to the top before your toes on the first level ever got wet. This is not the case in a regular home where the water comes across the yard directly into your living room.