Water is great in pools and water slides, but not so great when it gets in the wrong places of your home. Your standard home insurance is fine for common water related losses, like burst pipes, clogs, and simple water intrusion. But flood insurance goes beyond the coverage of a standard homeowners insurance policy and protects you from more severe types of water damage, like heavy rain, flowing water surge, and severe coastal storms. If you’re looking for a flood policy, we can help insure your home with a flood policy through the National Flood Insurance Program (NFIP) or a private insurance carrier.
If you live in an area at high risk for floods, your lender will likely require you to purchase a flood policy. Not sure this is you or the new home your considering? Enter your address here and see if your home is in a flood zone.
While not as frequent, floods do occur outside of high-risk flood zones. Just because your lender isn’t requiring a flood policy, you may still want to consider adding this level of protection given it’s typically not covered by your standard home insurance policy.
Still not sure about buying a flood policy? Learn more about Flooding before you start a flood insurance quote.
Given flood is not covered by your normal home insurance policy, it has a pretty technical definition that allows for insurers to draw the line between common water damage and flood related damage. Flood insurance is for all those things defined by flood and therefore outside the coverage of your homeowners insurance.
The best way to understand what is considered flood is go use the NFIP definition: A general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow.
The Federal Emergency Management Agency’s Flood Map Service Center will help you locate your area’s flood map.
When your home insurance coverage stops providing coverage for water flows, then flood insurance picks up the coverage and provides protection for things like the structure of the home and personal property. Here are some of the things that are typically covered by a flood insurance policy:
Like you home insurance policy, flood policies will have separate limits for structures and personal property, as well as deductibles. You’ll want to read your policy carefully to understand your coverage. Our you can call one of our specialists at (877) 334-7646 and we can assist.
When you purchase flood insurance through the NFIP, it will not provide coverage for things like:
There are other things not covered by flood insurance and this is is not a complete list. It is important that you read and understand your policy and coverages to make sure you know what is and isn’t covered.
There is limited coverage in the basement. Certain items used to service the residence are covered, like water heaters, furnaces, washers, and dryers.
Carpeting and wall finishing are not covered. Neither is other personal property.
No. It is not likely that your homeowners insurance policies will provide coverage for damage from flooding. If you live in a designated flood zone or an area that is prone to flooding, flood insurance becomes more necessary because of the home insurance exclusion, and requirements from mortgage companies.
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