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Alex Said:

cheapest and best flood insurance?

We Answered:

If you have a mortgage, the bank may require flood insurance. If you don't have a mortgage, the decision on flood insurance is up to you. But if you choose not to get it, your homeowner's policy won't cover floods.

The amount of the premium will depend on the value of your property and the risk of floods in your area. There are also policies for building only, contents only and building + contents. Here's a link to a website that might be helpful.

http://www.floodsmart.gov/floodsmart/