What type of damage does flood insurance cover?

Flood insurance specifically covers damage that results from flooding events. This type of insurance is designed to protect homeowners and property owners from financial losses due to rising water levels that can inundate homes, businesses, and personal property. Covered floods may result from heavy rainfall, storm surges, or rapid snowmelt, among other natural phenomena.

Flood insurance generally includes coverage for the structure of the home itself, such as the foundation, walls, and electrical systems, as well as personal belongings, such as furniture and appliances, that are damaged by floodwaters. This type of coverage is crucial in areas that are prone to flooding, as standard homeowners insurance policies typically exclude flood damage.

In relation to other options, water damage from pipes and internal leaks falls under homeowners insurance rather than flood insurance. Theft during a flood is also not covered by flood insurance, as the focus is specifically on water-related damage rather than theft. Lastly, fire damage associated with flood conditions is not covered by flood insurance either, as fire damage is generally addressed by different types of insurance policies, such as fire or homeowners insurance.