Flood insurance costs rise in areas once deemed lower risk
Flood insurance costs rise in areas once deemed lower risk
Dec 13, 2021
houmatoday.com
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People make this mistake all the time. They assume their home insurance covers floods, but standard homeowners policies do not include flood coverage. Home insurance can cover certain types of water damage. But flooding from natural sources outside the home requires a separate flood insurance policy. There are two main options for flood coverage: FEMA’s National Flood Insurance Program (NFIP) or a private flood insurance company. #flood #michigan #insurance #homeinsurance #realestate
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