Flood insurance is typically broken into two parts, dwelling coverage and contents coverage. Just like your homeowners insurance policy, the dwelling coverage insures the physical structure of your home. Your floors, walls, roof, foundation, and other physical portions of your house would all be covered under the dwelling portion of a flood policy.
Contents coverage would cover all of your belongings, from books to clothes to major appliances. You can purchase both types of flood coverage or just one if you feel like that is the right decision for you. People living in high risk flood zones donâ€t have a choice, however, and must purchase both types of flood insurance.