What is flood insurance

Financial Assistance. National Flood Insurance Application. How can I contact someone? Receive an email when this benefit page is updated:. Other Benefits People Viewed. Margin Protection Program for Dairy. Home Mortgage Insurance for Disaster Victims. Answer these questions to see if you may be eligible for this benefit. Disaster relief. Homeless assistance. Domiciliary care. Land or property ownership. Mental health services. Military sexual trauma. Veteran burial issues. Women's health care.

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Heavy rains Seasonal runoff Overflowing rivers Hurricanes These are just some of the ways flooding can happen. Are you prepared? If you don't have a flood insurance policy, it's important to consider how one might help you. Flood insurance is a separate policy. Your insurance agent may be able to help you purchase it through the federal government's National Flood Insurance Program.

A flood insurance policy offers two types of coverage. Flood insurance also includes personal contents coverage, which helps pay to repair or replace your belongings such as clothing, furniture and electronics. Keep in mind, though, that while flood insurance may cover appliances, such as a furnace, in your basement, it does not cover damage to belongings you store there or damage to things like walls and floors in below-ground rooms.

A local Allstate agent can help you learn more about flood insurance and purchase a policy through the National Flood Insurance Program if it's available in your area. Want to learn more? Subject to National Flood Insurance Program terms, conditions and availability. In some cases, you may be required to have flood insurance. If you own a home on land that is at high risk of flooding, your mortgage lender may require you to purchase flood insurance, says FloodSmart.

Flood insurance isn't just for homes in high-risk areas, though. The Federal Emergency Management Agency FEMA says that all 50 states have experienced floods, and that more than 20 percent of the claims it handles come from the moderate- to low-risk regions. Flood insurance policies can be purchased through local insurance agents by homeowners, business owners and renters who want protection for their homes, buildings and belongings. Landlords can buy separate flood insurance policies to help protect the home.

So, what does a flood policy help protect? FEMA says you can purchase coverage to help protect your home, your personal belongings, or both. Here are some of the basics for these two types of coverage:.

An Allstate agent can answer coverage questions and help you find ways to protect what matters most. A local insurance agent can help you purchase a flood insurance policy from the NFIP. Factors such as the flood zone designation, age of the property, and the number of floors can all impact pricing.

A Preferred Risk Policy a lower-cost flood insurance policy provides both building and contents coverage for properties in moderate-to-low risk areas for one price. As a result, annual premiums can vary widely. Of course, you can always seek out coverage on your own, especially if you want to insure your property for a larger amount rates for additional coverage won't be regulated, however. Often, starting with the company issuing your regular homeowners policy is a good idea.

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What Is Flood Insurance?