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Flood Insurance

What is Flood Insurance?

Flood insurance provides financial support for water damage to homes and businesses. If you own a home or a business, then you should have flood insurance. Traditional insurance does not include flood damage. You must purchase this coverage separately. Also, the damage must occur because of an act of nature. In other words, a broken pipe in your home that causes water damage does not count as a flood.

People who live near bodies of water should have this insurance. If you live in an area close to water, then you are at risk for floods. If your home is near an ocean, lake or river then you should consider this coverage. You can also speak with an insurance agent to determine if you live in a flood zone.

Before you buy this insurance, you need to know your risk factors. If you are in a flood zone, then you know you are at risk. The insurance company will consider this as well. The insurance company will also consider the condition of your property.

Types of Coverage

Flood insurance provides finances to repair and restore property after flood damage. The flood must be confirmed before any money is released. You can also insure personal valuables that maybe damaged in a flood. You can also use the money to remove mold or mildew that results from the flood.


The main benefit of flood insurance is getting financial assistance following a flood. You will have help repairing your home or replacing your belongings.