A flood insurance policy can help protect your house, condo, apartment, mobile home or even your business. Most flood insurance policies can include three types of coverage: building coverage, contents coverage and replacement cost coverage. Each of these coverage options offers different kinds of protection.
Building coverage: This coverage protects the physical structure of your home or non-residential property.
Content Coverage: This coverage covers your belongings—the items inside your home. Some examples include clothing, furniture, microwaves and grills.
Replacement cost coverage: This coverage helps reimburse you for the cost of replacing your home.
Replacement cost coverage is only available to owners of single-family, primary residences that are insured to within 80 percent of the total replacement cost1.
Your flood insurance could also help cover the cost of items, like sandbags, used to protect your property from the imminent danger of a flood. Contents coverage and replacement cost coverage are not included in all polices.