Flood Insurance

I got another call a few weeks ago from someone wondering if it is common for an insurance company to exclude damage by flood. Answer: yes, quite common. In fact, few property insurance policies cover flood damage. Coverage can be added if you ask your agent for it. Some insurers will add it right to your commercial property insurance. Others will require a separate policy.

Homes are never covered for flood under a homeowner’s policy. You can only get flood insurance for your home or personal property through the National Flood Insurance Program.

If you have any questions about your exposure to flood or your flood coverage, talk with your insurance advisor.