Flood damage is not typically covered by standard homeowners insurance. Here’s what you need to know.
Explanation of Flood Damage Coverage
Flood damage requires separate insurance coverage, as it’s usually not included in standard homeowners policies. Flood insurance covers physical damage to your property and possessions caused by flooding.
Standard policies often exclude flood damage.
Differences Between Flood Insurance and Homeowners Insurance
Flood Insurance: Covers damage from external water sources (e.g., overflowing rivers, heavy rain).
Homeowners Insurance: Covers internal water damage (e.g., burst pipes).
Understanding the differences between coverages.
How to Obtain Flood Insurance
National Flood Insurance Program (NFIP): Federally backed flood insurance available to homeowners, renters, and businesses.
Private Insurers: Some private companies offer flood insurance policies.
Consider both NFIP and private options.
Steps to Take if Your Property is Damaged by Flooding
Ensure Safety: Evacuate if necessary and ensure no immediate danger.
Document the Damage: Take photos and videos, and keep a record of all repairs and expenses.
File a Claim: Contact your flood insurance provider as soon as possible.
Thorough documentation is essential for filing a flood claim.
Flood damage can be devastating, but proper insurance coverage can provide the necessary protection. Understand your options and ensure you have adequate coverage to safeguard your property.
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