Why might someone need flood insurance?

Flood insurance is essential primarily because most standard homeowners insurance policies do not include coverage for flood damage. Homeowners often believe they are protected against all types of water damage, but in reality, typical policies provide limited coverage that excludes flooding. This means that if a flood occurs, any damages incurred would not be compensated by the homeowner’s insurance.

Flood insurance is specifically designed to provide financial protection for losses resulting from flooding events. Given the increasing frequency of severe weather patterns and rising sea levels, having separate flood coverage has become more critical for homeowners, particularly those in flood-prone areas. Thus, obtaining flood insurance can ensure that one has the necessary protection against potential financial loss due to flooding, which is not covered under a standard homeowners policy.