Do I Need Flood Insurance?

Water damage is one of the most common reasons people make claims on their home insurance, but unfortunately, not all water damage is covered by the basic homeowner’s policy.

“Water damage and homeowners policies can be a volatile issue in many ways,” says Don Griffin, vice president of personal lines at the Property Casualty Insurers Association of America, a trade group. “Generally, the damage caused by water will be covered, but whatever causes the damage — say a leaking dishwasher hose — may not be.”

Homeowners insurance policies are generally very specific