What is the meaning of FLOOD INSURANCE?

FLOOD INSURANCE is an insurance policy that covers damage your home may receive due to flooding. If the home you're buying is in an area prone to flooding, then you may be required by your home loan provider to get flood insurance. To establish whether or not your home is in such an area, a land survey must be done—at the expense of the person selling the home—at least fifteen days before the date you close on the home purchase.

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APABarry Goldsmith. (2010). flood insurance. Retrieved September 21, 2026, from http://smartdefine.org/flood_insurance/definitions/1154261
ChicagoBarry Goldsmith. 2010. "flood insurance" http://smartdefine.org/flood_insurance/definitions/1154261 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, flood insurance, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/flood_insurance/definitions/1154261>.
MLABarry Goldsmith. "flood insurance" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/flood_insurance/definitions/1154261>