Definition
Flood insurance is separate from homeowners insurance because standard policies exclude flooding. If there's ANY flood risk, consider coverage.
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Homeowners policies exclude flood damage. Flood insurance is required for properties in flood zones and recommended for properties with flood risk. Can be expensive.
Pro Tip
If in or near a flood zone, purchase flood insurance early. Costs are high after disasters.
Example
Flood insurance policy providing $350,000 coverage for flood damage with $1,250 annual premium.