When insuring their home, many people consider only homeowners’ insurance. Nonetheless, many insurers do not include flood damage in the homeowner’s policies.
Flood insurance covers a building and its contents against damage as a result of the flood. Homeowner’s insurance policy doesn’t cover destruction due to flood; therefore, any homeowner or business person in a region susceptible to floods should consider obtaining flood insurance coverage.
What does flood insurance cover?
A flood insurance policy caters to two kinds of property: the contents and structure of your house.
The coverage for your home structure generally includes:
- Electrical and plumbing
- Carpets permanently installed on an unfinished floor
- Foundation
- Water heaters
- Cooking stoves, refrigerators, and built-in appliances
- Furnace and central air systems