Flood Insurance covers damage caused by flood, it is normally a separate policy from your normal homeowners insurance policy.

Wether you will need Flood insurance for your property depends on several variables;

• If your lender requires it. Not all lenders require it.
• If your property is in a High-risk Flood zone.

You can also just purchase a policy to vocer flood if you want, they are not that expensive and might be a good idea just to have coverage.

You can even get Flood Insurance if you are just a renter to cover your personal belonging.

Get more information on Flood Insurance in the Real Estate Forum