what is covered in flood insurance

If your home is involved in a flood, you may find comfort in having homeowners insurance. But don’t lull yourself into a false sense of security. Insurance and risk management expert, Matthew Struck, says, “Standard insurance doesn’t cover flood damage at all. Many homeowners are stunned to discover this fact when their homes are flooded.” Struck adds, […]

Even a little water damage can destroy the value of your home. And if you live in a flood zone, flood insurance may be required by your lender due to the increased chance of water damage. The average annual premium for flood insurance is $707, according to the National Flood Insurance Program (NFIP). But that […]