Contrary to popular belief, the rising water resulting from a storm or hurricane is not covered by your homeowner’s policy—no homeowner’s policy covers this—not one. According to the National Flood Insurance Act of 1968, Flood Insurance can only be issued by the National Flood Insurance Program. The rates are set and the only variable is the value of your home.

That said, the good news is that flood insurance is extremely inexpensive and usually costs no more than $200—$450. Flood insurance protects the homeowner against losses from rising water or destruction caused by currents or waves of overflow water.

Click below for an interactive analysis of the potential costs associated with water damage.