What’s the difference between flood insurance and homeowners insurance?
Homeowners insurance typically covers damage from various perils like fire and theft, but it usually excludes flood damage.
So, if my house floods, will homeowners insurance cover it?
No, homeowners insurance generally does not cover flood damage. You would need a separate flood insurance policy for that.
What does flood insurance cover then?
Flood insurance covers damage to your home and belongings caused by flooding, including structural damage and personal property.
Is flood insurance mandatory?
It's not mandatory for all homeowners, but if you live in a high-risk flood zone, your lender may require it.
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