Flood insurance is something that is usually not included with homeowners insurance. This is usually offered to homeowners, renters, condo owners/renters, and commercial owners/renters, and is especially a good idea for those people who live in flood-risk areas like those on the coast or those who live in a desert area that has risk for flash floods.
Depending on where you live, however, you will be limited to certain policies. Your premiums as well will be calculated depending on factors like the following:
Years of Building Construction
Number of Floors
Location of Contents
Location of the Lowest Floor in Relation to the Elevation Requirement
Deductible That You Choose