Flood Insurance -

The NFIP typically pays Replacement Cost for primary residences (building only) but uses Actual Cash Value (depreciated value) for personal property. 2. Top-Rated Providers (2026) Review of U.S. Private Flood Insurance - Fitch Ratings

Covers the physical structure, including the foundation, electrical/plumbing systems, central air, and built-in appliances (up to $250,000 for residential). flood insurance

Most policies, especially those through the National Flood Insurance Program (NFIP) , separate coverage into two categories: The NFIP typically pays Replacement Cost for primary