Flood Insurance Facts

Some homeowners are required to purchase flood insurance, but all property owners should consider flood insurance protection. It could save you thousands of dollars over the next few years. 

Here are some important facts to keep in mind: 

  • Homeowners, renters and business insurance does not typically cover flood damage. While some insurance policies cover costs from flooding if sump pumps fail, pipes burst or there are sewer back-ups in the basement, they do not cover losses directly caused by flooding.
  • Flood insurance will pay claims regardless of whether there is a Presidential Disaster Declaration.

Did You Know?

Your standard homeowner’s insurance does not cover damages from flood events. get covered and recover faster when flood waters recede.

National Flood Insurance Program

A federally backed program that ensures affordable flood insurance for property owners. A NFIP policy covers direct physical losses to structures and belongings for property owners, renters, and businesses in the event of a flood. 

There are two kinds of coverage: building and contents. You have the option to select separate coverage amounts and deductibles for each.

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Building coverage

Insures the structure only, not the contents or the landscaping. It does not cover finishing in the basement. Includes built in appliances such as electrical and plumbing systems, furnaces, water heaters, refrigerators, etc.

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Contents coverage

Insures your belongings (but most items in your basement or below your lowest living floor are excluded).

Purchase Flood Insurance

For more information on what is covered and how to purchase Flood Insurance call NFIP at 877-336-2627. 

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