Standard homeowners or property insurance policies do not cover flood damage. To protect your property against losses caused by flooding, you must purchase a separate insurance policy—typically through the  (NFIP) or a private insurer.

Below are the essential coverage options and considerations when purchasing flood insurance.

1. Building Coverage

Building coverage protects the physical structure of your home or commercial property. It typically includes:

• Foundation and exterior walls

• Electrical and plumbing systems

• HVAC systems and water heaters

• Built-in appliances (e.g., stoves, refrigerators)

• Permanently installed flooring and cabinetry

2. Contents Coverage

Contents coverage protects your personal property inside the building. This includes:

• Furniture and clothing

• Electronics and appliances

• Rugs, artwork, and valuables

• Kitchenware and personal items

It covers the cost to repair or replace items damaged by floodwaters.

3. Replacement Cost Value (RCV) vs. Actual Cash Value (ACV)

• RCV (Replacement Cost Value): Pays the full cost to repair or replace property with similar items at current prices.

• ACV (Actual Cash Value): Pays the depreciated value of the damaged property at the time of the loss.

💡 Note: Contents are usually covered at ACV unless specified otherwise, while building coverage may be eligible for RCV under certain conditions.

4. Deductibles

Flood insurance policies include a deductible, which is the amount you must pay out of pocket before coverage begins.

• You can choose separate deductibles for building and contents coverage.

• Higher deductibles can reduce your monthly premium but increase your financial risk in an event.

5. Exclusions and Limitations

Flood insurance does not cover everything. Common exclusions include:

• Damage to landscaping or fences

• Cash, precious metals, or paper valuables

• Temporary housing or loss of use

• Moisture, mold, or mildew not directly caused by the flood

• Items in basements (depending on policy)

Review your policy to understand these limitations and assess if you need additional or private flood coverage.

Where to Buy  Insurance

Flood insurance is primarily offered through the  (NFIP), but private insurance is also available in many areas. You can:

• Contact an insurance agent who specializes in flood policies

• Visit the official NFIP website to find participating providers

• Compare NFIP vs. private flood insurance for better pricing or expanded coverage

Final Thoughts

They can cause significant financial loss—and without flood insurance, you may be left paying out of pocket. Whether you live in a high-risk  zone or just want peace of mind, flood insurance is a smart investment.

Make sure you understand your policy’s:

• Coverage limits

• Deductibles

• Exclusions

• Claim process