Treffer: WHAT TO KNOW ABOUT FLOOD INSURANCE.

The article focuses on the importance of flood insurance for homeowners, highlighting that standard homeowners insurance typically does not cover flood damage. It notes that since 1996, 99% of U.S. counties have experienced flooding, with only 4% of homeowners nationwide holding flood insurance. The National Flood Insurance Program (NFIP) offers coverage for structural damage and personal belongings, with specific limits on payouts. The average annual cost for NFIP policies is $888, while private flood insurance averages $1,074, with premiums influenced by factors such as location and home value. The article emphasizes the need for homeowners, even in low-risk areas, to consider flood insurance due to the prevalence of flooding. [Extracted from the article]

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