The most popular homeowners' insurance is HO-3 because it offers enough coverage at fairly low rates. Don't let that term fool you into thinking you are covered against everything. Damages caused by earthquakes, floods, sewer backup, and other perils may not be covered. Special Insurance You can get insurance against flood and mudslide losses from the National Flood Insurance Program. Flood insurance is offered in communities that qualify by developing flood plain management or land use programs to limit flood damage on new construction.
Premiums depend on the type of construction and location of a house.
If your community doesn't take part in NFIP, even if it is designated as flood-prone, you won't qualify for the federal flood disaster assistance sometimes offered after a severe flood. Beach and windstorm plans are available in seven states along the Atlantic and Gulf coasts. They are set up to deal with damage from hurricanes and other windstorms. You can get these plans from licensed insurance agents or brokers. Perils Against Which Properties Are Insured Under The Various Homeowners Policies.