Meaning of the word "flood insurance" in English

What does "flood insurance" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

flood insurance

US /ˈflʌd ɪnˌʃʊr.əns/
UK /flʌd ɪnˈʃʊər.əns/
"flood insurance" picture

Noun

insurance that protects against property loss due to flooding

Example:
Many homeowners in coastal areas are required to have flood insurance.
After the hurricane, many residents wished they had purchased flood insurance.