There are a lot of different kinds of insurance products that you can purchase in order to protect yourself from financial ruin. You will find that not every insurance product is right for you simply because you do not need it. But there are some policies that you will need based on your situation in life. But there is one type of policy that covers people whether they rent or own a home. And that is flood insurance. It does not matter if you live north in Connecticut or some other state, a flood can change your life forever.
A flood is nothing more than the rapid accumulation of water. That water builds in volume to the point that it can cause major damage to your personal belongings and home. But if you have flood insurance that can all change. Here are some things that flood insurance will cover.
Flood insurance will cover personal property. It does not matter if you own a home or rent one. The policy will pay to replace your items if they are destroyed in a flood. The flood policy can be bought to just cover personal property for renters.
Your policy will have both coverages for the structure of the home and for personal property. But here are some specifics that are covered.