If your home is susceptible to flood in the future, then flood insurance is what you need to ensure that your home and belongings are covered. Flood insurance is a separate type of policy. Standard homeowners insurance generally does not cover damages caused by the flood.
Few things to consider before buying flood insurance:
Who can buy flood insurance?
The community that participates in the National Flood Insurance Program (NFIP) is eligible for getting flood insurance.
What exactly does flood insurance cover?
According to Federal Emergency Management Agency (FEMA) flood insurance covers your home, your belongings, or both.
Building Property Coverage
Building Property Coverage covers the foundation/ physical structure of your home; electricals, plumbing, central air and heating systems. It also covers attached bookcases, paneling, cabinets, and a detached garage. Keep in mind that other detached structures need their own policy. The maximum coverage offered is $250,000.
Personal Contents Coverage
Personal Content Coverage covers clothing, furniture, curtains, portable appliances, electronics, freezer. Along with the freezer this coverage also covers food within the freezer. This coverage also offers coverage to certain antiques like art and paintings. The maximum coverage offered is $100,000.