Flood damages are not covered by standard homeowners policies. You may be eligible to purchase flood insurance through the National Flood Insurance Program. You should know that your insurance will cover any covered damages that exceed your maximum deductible. Flood insurance only covers the structure of your home and some belongings. Flood waters may cause damage to your home and other items, as well as floodwaters can cause destruction. Flood damage is usually not covered by standard homeowners policies.
Flood insurance can protect you and your property against floods. They are the leading natural disaster in the United States. Flood insurance might be required if your property is in danger of flooding, or near a creek or river where it overflows due to heavy rains. Flood insurance is insured by the Federal Flood Insurance Program.
Flood insurance may be purchased either by the homeowner or through an insurer. However not all private insurers offer flood insurance. Flood insurance protects your home and contents, as well as the clean-up costs associated with flood damage such as sewage backup. Flood coverage is approximately $250 per annum for each $100,000 in home value. This covers most insured properties. Flood insurance comes with deductibles just like other policies. Flood insurance can also be expensive due to the risk associated with living within flood-prone areas. Prices vary depending upon where you live in the U.S. Flood insurance can be purchased directly through the NFIP or your local independent agent.