Save Money Insurance blind spots: 5 gaps that could cost you

You might think you have airtight insurance protection against storms, car accidents and other mishaps. But you’d hate to discover hidden cracks in your coverage once it’s too late.

Here are five insurance problems you might not be as prepared for as you think.

1. Flooding has occurred in every state in the country over the past five years, according to the Federal Emergency Management Agency. Yet only 12 percent of homeowners nationwide carry flood coverage, an Insurance Information Institute poll found. Homeowners insurance doesn’t cover flooding; you’ll need a separate policy.

2. Gap insurance helps you avoid owing money on a car loan or lease even if your vehicle has been totaled or stolen.

3. You may not realize that you’re responsible for the sewer line that runs from the main pipeline in the street to your house. Yet standard home insurance typically doesn’t cover backups in this part of the line.

4. Social Security disability insurance is available only to people with long-term disabilities lasting at least one year. Some employers offer short-term disability insurance.

5. Most homeowners, even those who live in high-risk areas, go without earthquake insurance. Alex Glenn, NerdWallet