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With private carriers entering the market in recent years, NFIP is not the only source for flood coverage.

A: Anyone who owns a home near a body of water—including lakes and streams—should buy a flood insurance policy to protect their property. As a general rule, flooding is not covered by typical homeowners policies.

Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at jheft@alm.com.

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