Many homeowners are unaware that their home insurance doesn’t cover flood damage. Flood insurance is one of the best ways you can protect yourself from flood losses. Contents coverage can include possessions such as furniture, clothing and other valuables, subject to policy limits and exclusions. Flood insurance covers certain cleanup expenses, damages to your heating and cooling system and repair or replacement of flooring, according to the policy.
Here are a few facts about floods and flood insurance: Floods happen everywhere. Flood insurance policies are backed by the government and are administered by the National Flood Insurance Program. If you own a condo or rent your home, you should still consider flood insurance to protect your belongings.