Flood insurance covers damage to your home, commercial real estate and personal or business property caused by natural flooding.
Flood insurance premium rates are subsidized by the federal government.
Most mortgage companies require flood insurance if you are in an area likely to flood.
But floods can happen anywhere, so think carefully when deciding whether or not you are at risk.
Most homeowners and business PC & L policies do not cover flood damage. Check with your insurance agent or broker to fully understand your flood insurance coverage.