Flood coverage is NOT covered under your standard Homeowners policy. You must purchase a separate Flood Insurance policy. This type of insurance covers direct physical losses caused by a flood. It also covers losses resulting from flood-related erosion caused by excessive waters from a severe storm, flash flood or abnormal tidal surge that results in flooding. Damages due to mudslides, if caused by flooding, are also covered.
Coverage is provided for damage to the building itself.
This includes foundation elements, as well as posts, pilings, piers or other support systems for elevated buildings. Coverage is also available on an actual cash value basis for personal possessions located inside the building. A Valuable Items Policy will protect treasured possessions from many perils including floods. Coverage For Basements And Enclosed Areas Beneath The Lowest Floor. Flood insurance only provides limited coverage for these areas.