Flood Insurance

Flood insurance is a type of insurance policy that provides financial protection for homeowners, tenants, and businesses in the event of flood damage. Various factors, including heavy rainfall, snowmelt, hurricanes, and rising water levels in rivers, lakes, and oceans, can cause floods.

Flood insurance policies typically cover damage to the physical structure of the home or business, as well as personal property and business equipment. Some policies may also include additional coverage for temporary living expenses if the property becomes uninhabitable due to a covered flood loss.

Homeowners, tenants, or business owners usually purchase Flood insurance as a separate policy from a standard homeowners or business insurance policy, and mortgage lenders often require it in areas at high risk for flooding. The cost of flood insurance will depend on many factors, including the location and elevation of the property, the flood zone it is located in, and the type of coverage selected. It is vital for homeowners and business owners to carefully review the terms and conditions of their flood insurance policy to ensure that it meets their specific needs and provides the necessary coverage.