Flood Insurance

Flood insurance provides coverage for damage to property caused by flooding, which is typically excluded from standard homeowners insurance policies.

• Example:
  National Flood Insurance Program (NFIP): In the United States, homeowners who live in flood-prone areas are often required to carry flood insurance through the NFIP or private insurance companies. This can help cover the cost of repairing or rebuilding homes that have been damaged by floods. For example, if heavy rains cause a river to overflow and flood your home, flood insurance would cover the repair costs, including the loss of furniture and personal property.
  • Private Flood Insurance: Some private insurers offer flood coverage outside of the NFIP, sometimes with higher coverage limits and faster claims processing.