Flood insurance is a type of property insurance that covers a dwelling for losses sustained by water damage specifically due to flooding caused by heavy or prolonged rain, melting snow, coastal storm surges, blocked storm drainage systems, or levee dam failure. Flood insurance is a type of property insurance that covers a dwelling for losses sustained by water damage specifically due to flooding.

Flood insurance policies are available for all residential and commercial properties.

Standard homeowners insurance doesn’t cover flood insurance. It will cover some damage from rain, but if your home is filled with water as a result of rising bodies of lakes, rivers, streams, and oceans, it won’t cover you.

Flood insurance is mostly purchased from the National Flood Insurance Program (NFIP). It's federally regulated program with two policies:

• One that covers your actual home (building property) up to $250,000
• One that covers your personal property up to $100,000