Flood Insurance
The water coverage you need.
With most home insurance plans excluding flood damage, it’s never been more important to consider adding flood insurance. Fortunately, we offer NFIP and Private Flood plans (that aren’t subject to government shutdowns).
All About Flood
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Many homeowners assume their standard homeowners or renters insurance plan covers flood damage, when it typically does not.
If your property is located in a high-risk flood area and you have a federally-backed mortgage, federal law usually requires flood insurance.
Even when not required, flooding can happen outside of high-risk zones, so coverage may still make sense.
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Flood insurance usually includes physical damage to the insured building, and in many policies your personal property inside the building.
Things excluded are typically additional living expenses, sewer backup or water seepage (unless directly caused by a flood event defined by the policy), and flood damage to property outside the insured building, like other structures or vehicles.
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Most flood plans have a waiting period of 30 days from purchase to when coverage takes effect, however exceptions may be made if a home settlement is happening. Rules can differ for private flood plans.
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Under the NFIP, building coverage for single family dwellings cannot exceed $250,000, and personal contents cannot exceed $100,000. Private flood insurers may offer higher limits.
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We offer the national flood program through Wright Flood and private flood plans through National General’s Beyond Flood product.
FAQs
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