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Does My Home Insurance Policy Cover Floods?

Not all insurance misunderstandings are harmless though. If you assume some insurable incident is covered by your existing auto or homeowners insurance policy and it actually isn’t, you could be exposing yourself and your family to financial risks that you just can’t carry on your own. One consistent source of this type of dangerous

Now that we all know that homeowners insurance policies do not cover damage caused by flood waters, let’s figure out what actually constitutes as flood waters. The National Flood Insurance Program defines a flood as:

“A flood is 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 definition of flood is easy enough to understand, but the reason that many homeowners think it’s included in their homeowners insurance policy is because many of the events that can cause floods cause other damages that ARE covered under a homeowners insurance policy. For instance, a hurricane may cause wind damage to your home that is covered in your policy, but it may also cause normally dry land to be temporarily inundated by water, which could run into your house and damage your floors and furniture-but because those are flood waters, they will only be covered if you have a flood policy.

So make sure you have a flood policy in place today. Whether you live in a flood zone or not, its protection that isn’t covered in your homeowners policy but needs to be in place to secure your family.

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