What type of damages does flood insurance cover?

Flood insurance specifically covers property damages that result from flooding events. This type of insurance is designed to protect homeowners and businesses from financial losses due to water damage that occurs when land that is normally dry becomes inundated with water. This can result from various flooding scenarios, such as heavy rainfall, storm surges, or the overflowing of rivers and lakes.

The focus of flood insurance is on specific water-related losses—such as damage to foundation, walls, floors, and personal belongings—that occur as a direct result of flood conditions. This distinct coverage is essential because standard homeowners insurance policies generally exclude coverage for flood-related damages, which can lead to significant financial hardships for those affected by flooding.

This makes flood insurance an essential safety net for property owners in flood-prone areas, allowing them to recover and rebuild following a flood event without incurring the full financial burden themselves.