Damage from floods is not covered by most homeowners, renters, and business insurance policies. Flooding is water that comes from the ground up, rather than driven by wind or through a roof that has been damaged which is covered by most policies.
Flood insurance:
- Is available through the National Flood Insurance Plan which is a federal program administered by FEMA
- Is available to both renters and property owners
- Must be purchased separately for homes and structures used for business purposes
- First and second homes up to $250,000 maximum
- Structures used for business purposes up to $500,000 maximum
- Contents of home up to $100,000 (must be purchased separately)
- Contents of business up to $250,000 (must be purchased separately)
- Premium cost is based on your flood risk–see FloodSmart.gov
- Is sold through private brokers such as the agency from which you purchased your current insurance
- Is not available if your community has chosen not to participate in the National Flood Insurance Program or does not comply with the program requirements
What to Do Checklist
