- by C.C.
Homeowners and renters often make the mistake of assuming all potential calamities are covered by their property insurance policy – but that’s not the case.
Homeowners and renters policies typically exclude damage resulting from a flood caused by weather (as opposed to a flood if your fridge or washing machine leak). If you live in an area where your home could end up underwater due to a severe storm, you need separate flood insurance coverage.
Many people in flood-prone areas get flood insurance coverage through a FEMA program, so look into this option first. Private coverage isn’t always available and is often more expensive.