Flood Insurance

Flood insurance is a special type of insurance that protects your home. It covers damage to your home and your personal property from flooding, both of which are typically not covered by regular home insurance.

You may be required to buy flood insurance if your home is in a high-risk flood area and you have a federally backed mortgage.

There are two main options to buy flood insurance: through the National Flood Insurance Program (NFIP), which is backed by the federal government, or through a private insurer. Until the last few years, the private flood insurance market was prohibitively expensive, though.

At ValuePenguin, we write about how to understand whether you're required to get flood insurance, the best and most affordable options for flood insurance and the average cost of coverage, among other topics.

Flood Insurance Research & Advice

Flood Insurance: What It Covers and When You Need It

Unlike standard home insurance, flood insurance protects your home from flood-related damage. Find out how flood coverage works and when... Read More