Flood Insurance: Basement, Rain, Storm Damage Coverage Guide

Flood Insurance Coverage: Comprehensive Guide to Basement, Rain, Storm Damage

Summer sees widespread flash flooding in areas like New England, southern High Plains, mid-South, and Pennsylvania.

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Northeast's heavy rainfall may increase 52% due to climate change by century's end, per researchers.

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FEMA offers National Flood Insurance Program; private market also provides options for flood coverage.

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Flood insurance is distinct from homeowners insurance, specifically covering direct flood-induced physical damage.

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Coverage details differ among carriers; NFIP offers building and contents coverage.

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NFIP's building coverage includes electrical, plumbing, furnaces, appliances, carpeting, cabinets, windows, foundations, garages.

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It also covers fuel tanks, well water tanks, pumps, solar energy equipment.

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Exploring private market options is advised for comprehensive flood insurance.

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With flood risks increasing due to climate change, securing suitable coverage becomes increasingly crucial.

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