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Living in an area that is prone to flooding is by itself a difficult situation but if you have to bear the losses it becomes increasingly difficult to manage. Today the people living in flooded areas find it extremely difficult to fine a home insurance cover for their homes. And if you’re the lucky few who had managed to get it earlier, then you many now find it difficult to renew your insurance policy as many insurance companies have now identified areas prone to flooding and they now refuse or reject a home insurance application. Today most insurance companies have formulated stringent rules to help their company overcome the losses incurred due to increased applications from the people for relief for damages caused by floods and the frequent occurrence of floods has made the situation even worse. The insurance companies have drastically increased their premiums today, and some of them offer home insurance with exclusions that relate to floods. Some of the home insurance companies also refuse to take the risk and reject the home insurance applications of those living in areas that can be affected by floods. Some of the home insurance has opted to give the home insurance cover to people living in flooded areas with some ‘conditions apply’ tag like initial down payment.