What type of insurance covers damage to property caused by flooding?

Flood insurance specifically provides coverage for damages to property that result from flooding events. This type of insurance is crucial because standard homeowners insurance policies typically exclude flood-related damages. Flood insurance is designed to protect homeowners and businesses from financial losses due to water damage from heavy rains, rising rivers, or other flooding disasters.

In many regions, especially those prone to flooding, obtaining a separate flood insurance policy is necessary to ensure that property owners are financially protected against such risks. This coverage includes damage to the structure of the home as well as personal belongings and is often mandated in high-risk flood zones for properties that have mortgages.

Homeowners insurance could cover various types of property damage but usually excludes flooding. Property insurance is a broader category that might cover structural damage but does not necessarily focus on flooding specifically. Natural disaster insurance is an umbrella term that could encompass various perils but does not specifically denote coverage for flood events. Therefore, flood insurance is uniquely designated to address losses attributable to flood-related damage, making it the appropriate choice.