The best time to think about flood insurance is before you actually need it. Everyone lives in either a high-risk or low-risk flood zone. Getting a flood insurance quote is the first step toward giving yourself peace of mind.
Available to homeowners, condo owners, landlords, business owners and renters, flood insurance may cover:
- Furniture, clothing and other belongings
- Certain cleanup expenses
- Damages to your heating and cooling system
- Repair or replacement of flooring
Floods damage more homes in the United States than any other natural disaster. You may be surprised to learn that your property insurance doesn’t cover flood damage. That’s because flood insurance policies are generally purchased separately through government programs.
Most flood insurance coverage is offered by the National Flood Insurance Program.
The National Flood Insurance Program aims to reduce the impact of flooding on private and public structures. It does so by providing affordable insurance to property owners, renters and businesses and by encouraging communities to adopt and enforce floodplain management regulations. These efforts help mitigate the effects of flooding on new and improved structures. Overall, the program reduces the socio-economic impact of disasters by promoting the purchase and retention of general risk insurance, but also of flood insurance, specifically.