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Flood insurance coverage is excluded from traditional homeowners insurance policies - it is available only in the form of a separate policy from the federal government's National Flood Insurance Program.
This is one of those bad surprises homeowners often become aware of only after a flood has destroyed their home, and it's too late to get the coverage needed to repair their home's damage.
Homeowners without insurance for flood damage can apply for federal disaster relief benefits.
However, those come in the form of low-interest loans - a burden for those already struggling with too much debt after a flood disaster.
And should you even be able to get such a loan, you'll still be paying your mortgage along with interest on the loan to repair flood damage.
Not an ideal situation, to be sure. In short: It pays to ensure your finances aren't devastated - along with your home - in the event of catastrophic flooding.
Weigh the costs of a separate flood insurance policy against the out-of-pocket expenses such a natural disaster would require now, long before a storm is on the horizon.
History shows flooding affects your finances. Cleaning up a water-damaged home can set you back thousands of dollars. It merely makes sense to be prepared with adequate insurance coverage.