Does your homeowners’ insurance policy cover flooding? Probably not. A regular homeowners insurance policy rarely covers flooding, which is described as a “rising tide of water.” If you buy separate sump pump backup insurance, you’ll be covered up to a small amount, like $10,000, if your sump pump fails during a flood. The only true flood insurance you can buy is from FEMA. You can find out more about it at FloodSmart.gov. We have several stories on the site about flood insurance and flooding and what is and isn’t covered. This is your place to start your search for more information about flood insurance.
Now that the holiday rush is over, it’s time to assess what you hope to accomplish this year. You may have already decided to work out more, eat healthier, or pay off debt—but is choosing the right insurance policy on your 2014 resolution list? If it isn’t, it should be. Buying the right insurance policy [...]