FYI: Flood Insurance is not included in a Homeowner's Insurance Policy
Flood insurance protects your home and property from damage caused by flooding and other occurrences that result from flooding such as mudslides. One common misconception is that a standard homeowner's insurance policy protects a house from any damage that may happen to the structure such as, tornado, fire, flood, earthquake or hurricane. That is incorrect. Because some homes and neighborhoods are in areas that either have weather that makes it highly unlikely to flood or are located in areas that make them immune to flooding, your standard homeowner's insurance policy does not cover flood damage. A flood insurance policy must be purchased to protect against flood damages.
Not everyone can get a flood insurance policy
If you live in an area that is at a very low risk of flooding, such as a hill or mountain, you may not be able to buy flood insurance, there may not be any insurance companies in your area that offer flood insurance, because very few, if any, people will want to purchase it.
Those who live in flood risk areas have the option to buy flood coverage from the Government
Another problem inherent with buy a flood insurance policy through a private insurer is that those in flood risk areas may have a difficult time finding a lender who will insure them. Unlike fires, which are random, and which almost every homeowner insures against, flood on the other hand has far fewer homeowners who choose to purchase flood insurance, and those who do know that they are at a higher flood risk. This means that insurance companies can't spread the risk over a large number of customers, because the only people purchasing flood insurance are those that are at higher risk. So the government created a program that offers flood insurance to communities that are in high flood risk areas.
**We can discuss your needs to determine whether this coverage is right for you.