Why can't I buy flood insurance for my home?

Personal insurance policies do not cover flood. When we have a season of flooding there is many claims and the total costs are very high. This is when the government steps in with some catastrophe relief. If you live near a river and floods happen there on a regular basis this can be a real problem.

You need to do what you can on your own to try to prevent or minimize flood damage. There is alarm systems that will alert you to water. You can install sump pumps and sandbag.

Flood coverage is part of your specified perils and comprehensive coverage for your vehicle. If a vehicle suffers flooding it is usually written off. This is because of the damage to the electrical system.

A business can purchase flood coverage. If the business is located on a flood plain then the coverage may be excluded or quite expensive.

Talk to your agent or broker if you are concerned about flooding.