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Do I need flood insurance?

You dont have to be living in a coastal area to be affected by flooding. NFIP can provide coverage available to any homeowner, regardless of their location.

By Jayleen R. Heft | Updated on March 20, 2015
With private carriers entering the market in recent years, NFIP is not the only source for flood coverage.

A: Anyone who owns a home near a body of water—including lakes and streams—should buy a flood insurance policy to protect their property. As a general rule, flooding is not covered by typical homeowners policies.

If you live anywhere near water of any sort you’re at risk. In the deluge of claims following Superstorm Sandy, many policyholders did not know that their homeowners’ coverage did not include flood.

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Jayleen R. Heft

Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].

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