Flood Insurance
Mandatory in high-risk flood zones. Covers water damage from flooding, which standard policies explicitly exclude.
Key Benefits
Only coverage available for flood damage
Government-backed NFIP coverage available in all states
Private flood insurance often cheaper than NFIP
Available even in high-risk zones
Building and contents coverage available
Ideal For
Properties in FEMA flood zones A, AE, or V
Coastal or waterfront properties
Properties in recurring flood areas
Riverside or low-lying properties
Coverage Highlights
- •Water damage from flooding
- •Debris removal after flooding
- •Sewage backup in some policies
- •Building structure coverage
- •Personal property coverage
Average Cost
$300-$1,200/year depending on zone
Actual costs vary based on property details, location, claims history, and specific coverage limits.
Common Misconceptions
Homeowners insurance covers flood (it explicitly excludes it)
Flood insurance only needed in high-risk zones (available everywhere)
NFIP is always cheapest (private options often cost less)
Mandatory only for mortgage lenders (true, but smart to get anyway)
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