"Unfortunately, a lot of folks may be under the impression that their standard homeowners policy might cover flood damage," Hackett says. But the standard policy doesn't. Your umbrella policies won't cover flood damage either.
The standard homeowners policy doesn't cover earthquakes or floods. So a homeowner wanting coverage for either of those disasters will need to pick up separate, specific policies against those types of disasters.
"Realize that, for most people, their homes are one of their most valuable possessions," says Hackett. "It's worth protecting that."