Forced-Placed Flood Insurance

This coverage is usually a separate policy to the forced-placed property insurance.

As has been mentioned before, the peril of flood is not covered by standard property insurance. You need a separate policy. Same with forced-placed.

The basic coverage offered by most insurers who provide forced-placed flood insurance is $250K on residential properties and $500K on commercial buildings. Also, beware that most of these policies do not include coverage on the contents of a building and may have limitations as to coverage on property or damage to basements or other property below ground level.

These policies are usually monthly reporting forms. You tell the insurers what properties you need to cover, and pay an adjusted premium each month.