Why is Flood Insurance Not Included in My Homeowner's Insurance?

Homeowner's insurance is an important thing for any homeowner to have.  It covers your home and belongings if they are destroyed by disasters such as hurricanes, tornados, or fires.  But many homeowners do not realize that standard homeowner's policies do not cover flood damage.

Flood insurance is not included in regular homeowner's insurance because most people do not live in places with high flood risks.  It stands to reason that if one lives far from any bodies of water, they should not be required to pay higher premiums to be covered in the unlikely event of a flood.  It is for that reason that flood insurance is sold separately from regular homeowner's policies.

Flood insurance is provided by the government through the Federal Flood Insurance Program.  It can be purchased from your homeowner's insurance agent, but it is completely separate from your homeowner's policy.  Flood insurance is relatively inexpensive, so if you live near a body of water it is well worth considering.

Those who are not in flood-prone areas may be able to get a lower premium on their flood insurance.  Even if you're not near a body of water, flooding is possible from melting snow or water running downhill.  If you might possibly be at risk for these occurrences, you may want to consider flood insurance as well....

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