Final answer:
The two types of flood insurance coverage available are building and contents coverage. Building coverage is for the structure, while contents coverage is for items inside the building.
Step-by-step explanation:
The two types of flood insurance coverage available are: a) Building and contents coverage. Building coverage is for the structure itself, while contents coverage is for the items within the building. While there are primary and secondary policies, as well as residential and commercial policies, and even differences between federal and state policies, these are not the types of flood insurance coverage; they pertain to different aspects of insurance policies.
Flood insurance is an essential part of protecting your property, especially if you live in an area that's prone to flooding. Understanding the difference between building and contents coverage can help ensure that you have the right protection in place.