What Does Home Insurance Cover In A Flood?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaA homeowner’s policy doesn’t cover any loss for property inside a structure that is caused by dust, rain, sand, sleet, snow or water which enter the house through an opening not made by the direct force of the wind or hail. That means that you really need a flood policy. 25% of property losses in the USA are the result of flood. The problem is so great that insurance is underwritten by the Federal Government. Agents generally, have access to flood coverage for your home and many companies will discount your homeowner’s policy if you have a valid flood policy.Answered on March 24, 2014flag this answer
910 POINTSview profileKen BoncelaAgeny Owner, Farmers Insurance, Ken Boncela Insurance & Financial Services, Oswego, lllinoisNOTHING! So good question. Flood is outside ground water entering your home through windows and doors, NOT seepage thru cracks or failure of the sump pump. Flood damage is covered only with a flood insurance policy and coverage for flood damage to any area of the home is very limited. Seepage is not going to be covered at all. And coverage for water damage due to sump pump failure is not typically an automatic coverage on homeowners insurance but usually an available option. Talk to you insurance professional, he/she can help.Answered on March 24, 2014flag this answer
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