Flood insurance denotes the specific insurance coverage against property loss due to flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands and floodplains that are susceptible to flooding.
Flood Insurance is one type of catastrophic coverage; insurance that covers the policyholder in the event of a natural disaster. Most homeowners policies do not include flood insurance as the location of their property makes it unnecessary. But many individuals do not realize that floods are not covered by their homeowners policy. Residents of areas that are particularly vulnerable to flooding are eligible to purchase federally backed flood insurance through the National Flood Insurance Program.
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