Flood can cause extensive damage to your building’s structure as well as your personal item/contents. Depending on the depth of water, there can be substantial tear-out needed. If you live in a place where there was a high-velocity flow, floods can damage your foundation. Flood insurance provides property owners with the financial capability to take quick action and reduce the damage to their building. Homeowners can purchase up to $250,000 in coverage for their home and up to $100,000 for their personal belongings in their home. Commercial property owners can purchase coverage limits of up to $500,000 for their building and $500,000 for their contents in their building.