How do I add flood insurance to my insurance policy?
How do I get flood insurance? I live in an area that's seen flooding more and more frequently in the last few years, and it's making me nervous about my home. I want to go ahead and add flood insurance to my insurance policy, but I've never had to do this before and I'm not sure where to start.
- Federal policies, which are issued through licensed providers and agents under the National Flood Insurance Program (NFIP), tend to set one rate for your area, based on its risk level.
- Private policies, on the other hand, are issued through private insurers, which might provide a better deal for the area you live in or more coverage than a federal policy. For example, federal policies do not cover additional living expenses (like hotel stays) while your home is being repaired; some private policies do.