The simple answer is, "No."  Flood is a costly and damaging peril that is not covered by any homeowner's insurance policy.  Many consumers think that coverage for the peril of Flooding is included in a homeowner's policy, but, alas, it is not.  In fact, homeowner's policies exclude flood, earthquake, mud slides, and other losses that many people assume are covered.  And this belief is so common that many consumers do not question their agent or the insurance company to determine how to be protected from the damages caused by flood waters.  Most people do not know if their property is in a flood zone unless the banking institution or mortgage  lender has told them they are required to carry Flood Insurance.  

The National Flood Insurance Program (NFIP) defines 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."  Many people think their homeowner's policy covers Flood because there are episodes that can cause floods that cause other damages that are protected by a homeowner's insurance policy.  One example is where a hurricane may cause wind damage to your house that is covered under a homeowner's policy, but hurricanes can cause dry ground to be temporarily submerged which could run off into the home and damage floors, walls and furniture.  A Flood policy would have to be in place in order to cover the flood waters that cause damage.  

It is reported that an inch of water in a 2000 square foot house can cost over $20,000.00 to repair.  Whether you are in a flood zone or not, flood insurance is a protection that is not covered under a homeowner's policy, but is an essential part of protecting your valued assets like your home and contents.  Call your agent today! 

Posted 4:55 PM

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