Flood Insurance Coverage

To understand what flood insurance covers, you need to know three things first:

1. Standard homeowners insurance doesn’t cover flood damage at all. It’ll cover some damage from rain, but if your home is filled with water as a result of rising bodies of lakes, rivers, streams, and oceans, it won’t cover you.
2. The most common flood insurance is offered through the federally regulated program known as the National Flood Insurance Program (NFIP). It has two policies:

• One that covers your actual home (building property) up to $250,000
• One that covers your personal property up to $100,000

The characteristics of flood insurance are designed to assist you with damage that may occur in your home. If there is a natural disaster or flood, then damage to your home and property can become problematic. It is noted that floods are the top cause of damage in the United States.

Cause of flooding

• Hurricanes and tropical storms cause floods that can create far more damage than high winds.
• Heavy rains, winter storms, and spring thaws bring flooding to river basins.
• Overburdened or clogged drainage systems lead to property damage both within and outside floodplains.
• Construction and new development affect natural drainage and create new flood risks.

Give your home more protection so you have peace of mind.