Flood insurance will protect both your home and property as well as contents of the house or business from flood damage. It is key to understand that other damage that occurs such as wind, lightening or other storm related damage is not covered by flood insurance, only flood damage is covered by the flood insurance policy.

Check to see how efficient and effective the flood insurance company you are considering is in processing and completing claims. This information is available through the federal government website as well as through the various insurance company websites.

Renters may also be eligible for flood damage to their personal possessions and contents of the house or business. Renters flood damage policies are often much less costly than homeowner or business owner flood policies as they do not cover the physical structure of the building.