What is a common requirement for obtaining flood insurance?

Obtaining flood insurance typically requires proof of property ownership because it establishes that the applicant has a vested interest in the property that is to be insured against flood risks. Insurers need to confirm that the individual requesting flood coverage is indeed the property owner, as flooding can present significant financial risks. This requirement helps ensure that the policyholder has a legitimate claim to the property, which is crucial when determining eligibility and coverage limits.

The other options do not generally apply as common requirements for obtaining flood insurance. For instance, having specific features such as a swimming pool does not affect eligibility for flood coverage; and while financial factors might play a role in an individual's overall planning for insurance, there is typically no requirement for a specific credit score to obtain flood insurance. Furthermore, it is not necessary to already have comprehensive home insurance to obtain flood insurance, as these are separate policies that may address different risks.