The federal flood insurance program is key to stable housing markets, the shutdown revealed its fragility | Federal News Network
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0:13
People make this mistake all the time. They assume their home insurance covers floods, but standard homeowners policies do not include flood coverage. Home insurance can cover certain types of water damage. But flooding from natural sources outside the home requires a separate flood insurance policy. There are two main options for flood coverage: FEMA’s National Flood Insurance Program (NFIP) or a private flood insurance company. #flood #michigan #insurance #homeinsurance #realestate
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