Floods, hurricanes and seasonal rainfall can wreak havoc if you aren’t prepared and properly insured. You need more than some fresh batteries and bottled water. You need flood insurance. Homeowners insurance typically covers damage that comes from the top down — such as rain and wind damage — but it doesn't cover rising water and flooding.
Storms strain insurers that are expected to face claims for billions of dollars. This adds to a challenging year for the insurance industry that could result in higher premiums for customers: Florida has already seen insurers pull out of the housing market.
