As of 2016, The Hartford offers flood insurance to homeowners and renters, according to its website. Generally, homeowners insurance policies do not include flood insurance coverage. Standard flood insurance policies cover damage to building contents, the building itself, or both. All policies are subject to the National Flood Insurance Program.
All insurance companies use the flood insurance rates set by the federal government to establish flood insurance policy premiums, explains The Hartford. Ways that policy purchasers can save money on premiums include selecting higher policy deductibles and complying with preferred risk policy requirements. Other ways to save include living in a low or moderate flood risk area or in an area that participates in the Community Rating System of the National Flood Insurance Program.