Flood Insurance
/flud in-SHUR-uns/
Separate coverage for flood damage (not in standard policies).
Definition
Flood insurance is separate coverage specifically for flood damage, which is excluded from standard homeowners policies. It's available through the National Flood Insurance Program (NFIP) and some private insurers. It covers structural damage and contents from flooding.
Example
Living in a flood zone, the Johnsons purchased separate flood insurance through NFIP for $1,500 per year.
More Home Insurance Terms
Insurance that covers the structure of your home.
Coverage for your belongings inside your home.
Coverage for structures not attached to your home.
Pays living expenses if you can't stay in your home.
The cost to replace property with new items of like quality.
Covers injuries to others that occur on your property.
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