Is there insurance for floods?..?

Mildred Pombo: No company would insure for "acts of god" such as floods or any other damage caused by weather, some areas get them every year so the insurers would quickly go bust if they did pay out for acts of god. Sometimes the government hands out grants to people affected in this way, though.

Lissette Semon: You can compare quotes from different companies at - RATESCOMPARE.INFO-Re: Is there insurance for floods?..?

Elvin Mannheimer: Yup, there most certainly is. I used to sell it, in fact.Most insurance companies won't cover natural floods. They'll cover a sewer backup if you buy the coverage, but not a true flood. If a river swells beyond its banks or heavy rains seep through basement walls and windows, they won't cover that in most places. But there is a reason they won't cover it.Insurance will cover things that might happen, like fire or lightning or theft, but they won't cover something that definitely WILL happen. And flooding isn't a question ! of if, it's only a question of when. Because it will happen. Insurance companies are gamblers, really smart ones, and they won't gamble on those odds.But you can buy insurance against flood damage. It costs a blasted fortune, because a flood is guaranteed to happen sooner or later, but you can buy it and it will cover you when the flood happens. It's only sold by specialty insurance companies, and you can believe there is a list of conditions for the losses to be covered, but it's available. Most people just take steps to minimize their losses when it happens though. Much much cheaper that way.Depending on where you live, just about any other "act of god" is covered except earthquake and landslide. Even if you live in Kansas or Oklahoma, insurance companies will cover lightning and windstorm (tornado) damage. If you live on the coast, they'll cover hurricanes. If you live in a big city, they'll still cover theft and vandalism. And they'll always cover stupid, beca! use if stupid wasn't covered your home insurance would only co! st $20 a year. But they won't insure against floods, because those are guaranteed to happen.They don't cover damage done by war or terrorism either....Show more

Betsey Muehlbach: Yes. In 1968, Congress created the National Flood Insurance Program (NFIP) to help provide a means for property owners to financially protect themselves. The NFIP offers flood insurance to homeowners, renters and business owners if their community participates in the NFIP. Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements to reduce the risk of flooding.