Flood insurance isn’t just for homes in high-risk areas. In fact, in the past five years, all 50 states have experienced floods. Even an inch of water can cause thousands of dollars in damage. It’s important to know that new flood insurance policies usually have a 30-day waiting period, so don’t wait until the last minute on protecting your home.


There are essentially two types of coverages – Building coverage and Contents coverage. Building coverage usually protects the physical structure of the home and its foundation, plumbing, and electrical systems, air and heating systems, cabinets and paneling and a detached garage. Contents coverage usually protects clothing, furniture and electronics, curtains, some portable appliances, freezers and certain valuables like art.