Alltrust reminds you that Homeowners insurance covers water damage from plumbing and appliance leaks, but does not cover Flood insurance. Carrying an additional flood insurance protects you from rising groundwater and flood caused by heavy rain, windstorm or tropical depression.
Typically, your mortgage lender will require Flood insurance if your property is in a flood zone, but the National Flood Insurance Program (NFIP) recommends flood insurance regardless of where the property is located as flood damage can happen anywhere.
Flood insurance premium stays the same regardless of what insurance carrier you it is purchased from. The reason for it is the fact that Flood insurance is backed by the federal government through the National Flood Insurance Program.