Flood insurance plans are intended to be a supplementary policy to cover property, including homes and buildings, in the event of a flood. In many cases, standard property insurance will not protect against flood damage. Plans may vary somewhat in their coverage, based on the issuing broker and the region of the world in which the insured’s property is located.
However, most typically cover flooding damages to:
- The foundation of the home or commercial building
- Electrical and plumbing systems
- Personal property, such as furniture, clothing, electronics, and valuables
Depending on your needs and availability, you might also consider additional coverage for business interruption and extra expense.