Flood Insurance

Did You Know?
Your homeowners insurance policy does not normally cover flood damage.

Before you purchase a flood insurance policy, it is important to review what is covered and what is not covered. You should also compare the coverage and exclusions of both flood insurance and your existing homeowners.

Make sure you understand what would be covered and what would not be covered if a flood does impact your property.

As the name implies, a standard flood insurance policy, which is made available by the National Flood Insurance Program ( NFIP), provides coverage up to the policy limit for damage caused by flood. The dictionary defines “flood” as a rising and overflowing of a body of water onto normally dry land. For insurance purposes, the word “rising” in this definition is the key to distinguishing flood damage from water damage.

Generally, damage caused by water that has been on the ground at some point before damaging your home is considered to be flood damage. Examples of flood damage may include:

  • A nearby river overflows its banks and washes into you home.
  • Surface water caused by a heavy rain seeps into your basement because the soil can’t absorb the water quickly enough.

Flood damage to your home can be insured only with a flood insurance policy — no other insurance will cover flood damage. To determine if your home is located in a flood plain, contact your county planning office. If you are living in a flood plain, flood insurance may be an excellent purchase.

Please note: For your flood policy to be considered full coverage you must have both building and contents covered.

A flood insurance policy normally takes 30 days from the date of purchase to go into effect. So, don’t wait until a flood is imminent to buy a policy.