This coverage includes clothing, furniture, electronics, and detached appliances, such as washers, dryers, and microwaves. Refrigerators, stoves, and built-in dishwashers fall under this coverage as well.Ĭontents coverage offers protection for your belongings. Your building coverage also protects detached garages and solar energy equipment. Because an excess flood policy acts as secondary coverage and sees fewer claims, protecting your home to its full rebuild value becomes more affordable.Ī standard flood insurance policy offers two primary coverages against flood risks.īuilding coverage for your home protects the building itself as well as attached fixtures, plumbing and electrical systems, furnaces and water heaters, carpeting and flooring, and more. Excess flood insurance: An excess flood insurance policy can extend the coverage limits of an underlying NFIP or private market policy.In some cases, these private-market options offer lower premiums, higher coverage limits, or more comprehensive coverage when compared to NFIP policies. Private-market flood insurance: Several private-market insurers started offering flood coverage as an alternative to NFIP coverage in recent years.An NFIP policy backed by the Federal Emergency Management Agency (FEMA) can protect your home and belongings subject to the policy limits you choose. FEMA-backed NFIP flood coverage: The national flood insurance program (NFIP) remains the largest flood insurance provider in the nation.Today’s market brings more options for flood insurance: If your home is at risk from flooding or your lender requires flood insurance, a dedicated flood insurance policy can offer more comprehensive protection for your home and belongings. You can think of a flood as water that touches the ground before it enters your home. But a standard policy does not protect against floods. A standard home insurance policy offers protection against many water-related risks, such as spills and overflows.
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