However, because of its relative low cost and attendant peace of mind, flood insurance may still be a valuable addition to your insurance program. Anyone can be a flood victim. You don't have to live near water to be flooded. Storms, melting snow, hurricanes, backup due to inadequate or overloaded drainage systems, and dam or levee failure can cause floods. Homeowners policies do not cover flood damage.
Flood insurance is available everywhere.
It doesn't matter whether your flood risk is high, medium, or low, the insurance is available so long as your community participates in the NFIP program. Low-cost policies are available for low to moderate risk. Contents coverage is separate. Coverage on the building itself is separate from contents inside the building. Since contents coverage is separate, homeowners should note that this is not automatically included and should be taken in addition to building coverage.