A survey by insurance regulators has found U.S. homeowners continue to be unaware of how much coverage insurance policies on their home provide.

The poll in May by the National Association of Insurance Commissioners said policyholders were ignorant because of confusion about possible damages that policies cover as well as an incorrect belief that houses are insured for cash value.

Despite continuing news of major legal disputes over flood damage coverage in the wake of the 2005 hurricane season, the NAIC survey found 33 percent of U.S. heads of households mistakenly believe flood damage is covered by standard property and liability policies.

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