Understanding Flood Insurance: What It Covers and Why You Need It

Rob30 Dec, 2024Business

Floods are among the most common and costly natural disasters, causing billions of dollars in damages annually. Despite the prevalence of floods, many homeowners are unaware that standard homeowners insurance policies typically do not cover flood damage. This gap in coverage highlights the importance of understanding flood insurance—what it covers, why you need it, and how it can protect your financial stability during unexpected disasters.