The federal government operates the National Flood Insurance Program (NFIP), which issues flood insurance policies. Even if you have homeowners, renters, condo, landlord, mobile home, or business insurance, you may need to purchase a separate flood insurance policy to be protected from flood damage.
Your standard landlord policy offers protection for your home and other permanent structures on your property. Also called a dwelling fire policy, it is like a homeowners insurance policy. A person who owns a house but leases it to someone else would have a dwelling fire policy to protect the residence. Dwelling fire policies are different to a homeowner’s policy because if the renter-landlord business relationship.
Cover your property and liability exposure while your home is being rented through short-term leases such as AirBNB or VRBO. For example, if a paying guest injures themselves and sues you, your short-term rental insurance’s liability coverage will help protect you financially.
