MANAGEMENT

Detailed explanation-1: -Flood insurance is designed to provide an alternative to disaster assistance to reduce the escalating costs of repairing damage to buildings and their contents caused by floods.

Detailed explanation-2: -Flood Insurance is a sub-type of house insurance that covers property damaged by excessive water entering the house due to a flood.

Detailed explanation-3: -noun. insurance covering loss or damage to property arising from a flood, flood tide, or the like.

Detailed explanation-4: -Natural disasters such as floods, cyclones, and hailstorms are covered by comprehensive car flood insurance. A flood can cause two types of damage to your car: engine damage and accessory damage.