You can purchase flood coverage at any time. However, for most applicants there is a 30 day waiting period after you've applied and paid premium before the policy is effective. There are some exceptions to this waiting period requirement so it is recommended you discuss this with an agent to determine if you are eligible. Homeowners insurance policies cover flooding . Homeowner's policies do not cover direct physical loss caused by flood.
Flood insurance is only available for homeowners .
Flood insurance is available to protect homes, condominiums, apartments and nonresidential buildings, including commercial structures. You can't buy flood insurance if your property has been flooded. Even if you live in an area that is not flood-prone, it is advisable to have flood insurance. National Flood Insurance can only be purchased through the NFIP directly . NFIP flood insurance is sold through private insurance companies and agents, and is backed by the federal government.