How Flood Insurance Works, How Much Does It Cost, and How It Protects the Homeowner How flood insurance works and what it covers and costs if your standard homeowners’ insurance policy doesn’t cove…

Apart from structural damage, flood insurance also covers damage to furniture, window treatment (curtains, drapes), electronic appliances, art, and other valuables. However, in this case, coverage is offered on an actual cash value basis only, meaning insurers will take depreciation into account.