Read the original article by John Egan and Amy Danise on Forbes
Flooding ranks as the costliest, most common natural disaster in the U.S. Yet standard homeowners and renters insurance don’t cover flood damage, and most commercial property insurance policies also exclude floods.
So how do you protect your property and belongings from the financial pit of flooding? You can purchase a separate flood insurance policy from the National Flood Insurance Program (NFIP) or from a private insurer.
How to Get NFIP Flood Insurance
The NFIP, managed by FEMA, offers federally backed flood insurance sold through more than 60 insurance companies and through an initiative called NFIP Direct.
NFIP policies are available in more than 22,000 communities that participate in the program. The program is the primary provider of residential flood insurance in the U.S. It covers more than 5 million homes and businesses, mainly in flood-prone coastal regions…
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