Contents coverage Contents coverage insures your personal property. Renters as well as owners may purchase contents coverage. Contents coverage will pay some costs to move and store contents in a safe place when a flood threatens. Basements Building coverage is recommended to cover the walls, floor, furnace, and other structural components of a basement. NFIP flood insurance is sold through private insurance agents and companies.
All companies offer identical coverage and rates.
Newer or substantially improved houses are charged according to their elevation in relation to the expected flood level. Houses outside floodplains that are identified on Flood Insurance Rate Maps pay lower rates. You can check your property's location on a Flood Insurance Rate Map at your building department or an insurance agent. A few private insurance companies sell their own flood insurance policies, although the coverage and rates are different from the NFIP's. Some mobile home insurance covers flood losses.