Protects against damage due to flooding in a disaster.
Excluded under standard homeowners and renters insurance policies, flood insurance coverage may be purchased as a separate policy to complement home insurance.
To guard against water and other damages resulting from flooding, flood insurance is sold by the National Flood Insurance Program (NFIP) and a few private insurers. It includes protecting up to $250,000 on a home’s structure and $100,000 on personal possessions.
For policyholders who own more expensive homes, those living in communities not participating in the NFIP, and those needing additional (or “excess”) coverage, some insurance companies offer special flood insurance policies that protect or enhance these types of needs.
