Contrary to popular belief, the rising water resulting from a storm or hurricane is not covered by your homeowner’s policy—no homeowner’s policy covers this—not one. According to the National Flood Insurance Act of 1968, Flood Insurance can only be issued by the National Flood Insurance Program. The rates are set and the only variable is the value of your home.
Flood insurance protects the homeowner against losses from rising water or destruction caused by currents or waves of overflow water.
Do You Need Flood Insurance?
This downloadable brochure produced by the National Flood Insurance Program and FEMA explains flood insurance in detail.