A standard homeowner’s policy will provide basic coverage and may reimburse your losses from several causes, such as fire, theft, and water damage due to broken pipes but it won’t pay for flood damage.
If your home is in a region that is susceptible to water damage from sources such as melting snow, overflowing of nearby bodies of water, heavy rains, or even wildfires, it may be a prudent decision to add an extra layer of protection in the form of flood insurance offered through the National Flood Insurance Program (NFIP).
Understanding the differences between home insurance and flood insurance can be confusing; we’re here to help simplify the comparison so you can make sure you have the right coverage for your specific situation.
