Flood insurance policies, available only through the National Flood Insurance Program, will cover physical damage to a building or personal property directly caused by a flood. Two types of flood insurance policies are sold: one covering the structure and one covering the contents. Both policies are recommended. Typically the loss of land is not covered.
Flood insurance will cover structural damage or losses. A policy covering the structure will cover damage to the walls, foundation and fixtures of the house; damage to the utilities (electrical, plumbing and heating and air conditioning) in the house; damage to cabinets, carpets, flooring and drywall; and flood debris cleanup. Losses on personal property. A policy covering contents will cover property damaged or lost during the flood. This includes household appliances (not covered by the structure policy), furniture, clothes, electronic devices and food in the freezer. These policies cover expensive items up to a certain limit.
It does not cover cars or other vehicles (such as an ATV or boat), damage to swimming pools, trees, and landscaping. It will not pay for lost money, gold, and stock certificates.