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Why doesn't homeowners insurance cover flood damage?

Sep 16, 2021
Short answer: Flooding cost insurance companies too much money, so the federal government stepped in.
River water floods the front of a home in Lincoln Park, New Jersey, in the wake of Hurricane Ida. Covering flood damage proved to be a money loser for the insurance industry.
Michael M. Santiago via Getty Images

Houston homeowners say the government owes them for flooding their homes after Hurricane Harvey

Feb 6, 2019
The lawsuit filed by Houston residents whose homes were flooded could set precedent for disaster liability.
Flooded homes are shown near the Barker reservoir following Hurricane Harvey August 30, 2017 in Houston, Texas.
Win McNamee/Getty Images
Jack Wheeler and his wife, Tami Wheeler, watch as a FEMA housing inspector measures their flooded home in 2008 in Oakville, Iowa.
Joe Raedle/Getty Images