Will My Homeowners Insurance Cover Flood Damage?

Did you know that neither a commercial property policy nor a homeowners policy protects you against a flood?

It’s a common misconception that your regular property insurance covers flood-related damages. Unfortunately, this is not the case. Whether you own a home or a commercial property, it’s crucial to understand that flood coverage is not included in standard property insurance policies.

The National Flood Insurance Program (NFIP) defines a flood as a general and temporary condition of partial or complete inundation of normally dry land area. This can arise from various sources, including overflow of inland or tidal waters, unusual accumulation of surface waters, or even mudflow.

Even though California is known for its beauty and diversity, it is not immune to flood risks. Many property owners rely on mortgage lenders to alert them to the need for flood insurance. However, a significant number of homes and properties are at risk of flooding without being identified as Special Flood Hazard Areas by the Federal Emergency Management Administration.

To ensure your property is protected against flood-related risks, it’s essential to consider purchasing flood insurance. Flood insurance is a separate policy that covers damages caused by flooding, providing you with financial support to repair and rebuild in the aftermath of a flood event.

Our agency partners with several insurers and the National Flood Insurance Program to offer flood insurance options tailored to your needs. Whether you own a commercial property or a home, we can help you find the right flood insurance policy that safeguards your property and your financial security.

NFIP and other flood insurance options are strong protections against the growing risks of flood-related damages. This overview only scratches the surface of a complex coverage, and there may be aspects not covered here.

In California, where the beauty of our landscapes is accompanied by diverse weather patterns, investing in flood insurance is a smart decision. Protect your property, your investment, and your peace of mind by choosing flood insurance today.

Call or text our team today at 714-968-8008!