You have probably seen in news stories lately that unexpected flooding can occur to anyone, anytime — whether you live in or near a flood-prone area or not. The good news is that our optional Inland Flood coverage can help you proactively prepare for the unexpected, such as a flash floods. Let’s take a look at how it works.
A standard homeowners policy does not include flood coverage. Previously, flood coverage was only available through the National Flood Insurance Program and it was typically very costly due to high limits, surcharges, etc. Inland Flood Coverage is a relatively new endorsement designed specifically for policyholders in areas not considered to be a “flood zone” and is much more affordable.
What is an Inland Flood?
An inland flood occurs when inland waters, such as streams or rivers, overflow and partially or completely cover dry land. An inland flood could also be unusual, rapid rain accumulation, runoff, or snowmelt that doesn’t drain away or soak into the ground. mudflows caused by water carrying mud can also be considered an inland flood.
What does an Inland Flood Coverage endorsement typically cover?
- Buildings
- Content
- Additional Living Expenses
- Debris Removal
- Property relocation to a safe area
For more information and to find out if you qualify for this valuable coverage, please call The Complete Insurance Source at 770-371-8247 today.
Photo by Jo-Anne McArthur on Unsplash