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  2. Does homeowners insurance cover basement flooding? - AOL

    www.aol.com/finance/does-homeowners-insurance...

    Homeowners insurance does not cover flooding resulting from hurricanes, heavy rains, snowmelt, runoff or other natural causes. For this coverage, you would need to add a separate flood insurance ...

  3. Buying a house in a flood zone? Know the risks first - AOL

    www.aol.com/finance/buying-house-flood-zone-know...

    Homeowners with a government-issued mortgage, such as FHA, USDA or VA loans, are required to have flood insurance coverage if their property is in a high-risk flood zone. If you’re applying for ...

  4. Does homeowners insurance cover water damage? - AOL

    www.aol.com/finance/does-homeowners-insurance...

    Standard homeowners insurance does not cover flood damage. Typically, you will need to purchase additional coverage, and not all insurance companies offer it. If you can not secure coverage ...

  5. Many homeowners think they don’t need flood insurance ... - AOL

    www.aol.com/finance/many-homeowners-think-don-t...

    Homeowners insurance typically doesn’t cover flooding caused by weather, and people who don’t live in federally designated flood zones often go without the separate policy that would provide ...

  6. Flood insurance - Wikipedia

    en.wikipedia.org/wiki/Flood_insurance

    Flooding resulting from Hurricane Katrina. Nationwide, only 20 percent of American homes at risk for floods are covered by flood insurance. [2] Most private insurers do not insure against the peril of flood due to the prevalence of adverse selection, which is the purchase of insurance by persons most affected by the specific peril of flood.

  7. Is home insurance required? - AOL

    www.aol.com/finance/homeowners-insurance...

    With a homeowners insurance policy in place, your lender is ensured a payout in the event a covered peril occurs. Standard home insurance policies do not cover flood damage, so you may also be ...

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