What is Flood Insurance?Flood insurance is the specific insurance coverage against property loss from flooding.
Flooding is defined by the National Flood Insurance Program as a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or two or more properties (at least one of which is your property) from: Overflow of inland waters, unusual and rapid accumulation or runoff of surface waters from any source, and mudflows. Any source could include a rising creek or your neighbor's pool! More About Flood InsuranceNationwide, only 20% of American homes that are at risk for floods are actually covered by flood insurance. Most homeowners don't realize that all properties are in a flood zone- the key question being, is it a critical zone?
This can be brought on by landslides, a hurricane, earthquakes, or other natural disasters that influence flooding, but while a homeowner may, for example, have earthquake coverage, that coverage may not cover floods as a result of earthquakes. Contact us to learn more about the right amount of flood coverage for your home. |
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