So all you have to do is visit your local insurance agent and buy a standard homeowner's policy and you're adequately covered, right?

Before 1950 flood insurance was part of the standard homeowner's insurance policy.

That's because a standard homeowner's or renter's insurance policy may not provide adequate coverage.

Business computers typically are not covered under a standard homeowner's insurance policy.

Flood losses are not covered by standard homeowner's insurance policies.

Mr. Mills advises people living anywhere near the water to get flood insurance, because most standard homeowners' policies do not include it.

It turns out that standard homeowners' insurance is based on something else entirely - what insurers call the replacement cost value of the property.

Unfortunately, standard homeowner and co-op and condo policies exclude flood damage from storms.

While plans may vary from insurer to insurer, a standard homeowner's policy generally has four components.

Nearly all homeowners have some insurance on their belongings because banks, when writing mortgages, insist that the buyer take out a standard homeowner's policy.