Flood insurance policies

Flood insurance policies provide financial protection against damages caused by flooding. Typically offered through the National Flood Insurance Program (NFIP) in the U.S., these policies cover the structure of your home and its contents. Homeowners, renters, and businesses can purchase coverage to help recover from flood-related losses. It’s important to note that standard homeowners' insurance usually doesn’t include flood damage, making specialized coverage essential for those in flood-prone areas. Policyholders pay a premium based on their risk level, and payouts help cover repair costs and replace damaged belongings after a flood event.