Becky Vann thought her Eastern North Carolina home was well covered against the forces of Nature. That was until four feet of hurricane floodwater flooded the first floor of her home. What it doesn't cover are damages caused by an earthquake or flooding. To cover against those natural disasters, you'll need separate flood or earthquake insurance.
Flood insurance is a federally subsidized program, and is relatively inexpensive.
Coverage against an earthquake is expensive. To get the whole story, be sure to watch Money Moves Episode 203.