What does flood insurance cover?

Flood insurance specifically covers damages resulting from flooding, which is defined as the overflow of water onto land that is normally dry. This type of insurance is essential for individuals living in areas prone to heavy rainfall or those close to rivers, lakes, and oceans where the risk of flooding may be heightened. The coverage typically includes repairs to the structure of the home, replacement of personal belongings, and costs associated with living expenses if the home becomes uninhabitable due to flood damage.

In contrast, loss of property due to theft, fire-related damages, and acts of vandalism fall under different types of insurance policies such as homeowners or renters insurance. Each of these coverages addresses specific risk scenarios that are not related to flooding. Hence, flood insurance is uniquely important for addressing the unique risks and damages caused by flood events.