Flood insurance is regulated by the federal government and is not allowed to be combined with any other type of insurance, although it may be sold with your auto, home and health and life insurance policy. There is not a package deal for flood insurance so be cautious of companies indicating that it is.

Flood insurance will protect both your home and property as well as contents of the house or business from flood damage. It is key to understand that other damage that occurs such as wind, lightening or other storm related damage is not covered by flood insurance, only flood damage is covered by the flood insurance policy.

Check to see how efficient and effective the flood insurance company you are considering is in processing and completing claims. This information is available through the federal government website as well as through the various insurance company websites.