What is the primary purpose of flood insurance?

The primary purpose of flood insurance is to provide additional protection for homes against flooding. This type of insurance specifically addresses the risks associated with rising water levels and flood events that may not be covered under standard homeowners insurance policies. It is designed to help homeowners recover financially by covering damages to their property caused by flooding, ensuring that they can repair and rebuild after such an event.

Flood insurance typically covers both the structure of the home and, in some cases, personal belongings within it, but its main focus is on the damage caused by water from floods, which can lead to significant financial loss if not adequately insured. This specialized coverage is crucial for homeowners in flood-prone areas, highlighting its importance in comprehensive risk management for property owners.