I just realized that it has been some time since I talked about flood insurance. There are many new readers who may have missed past rants. Here goes…

-Home insurance policies do not cover damage caused by a flood.

-Business property insurance do not cover damage caused by a flood

-The only way to find flood coverage (for most) is to get protection through the National Flood Insurance Plan.

-Even with flood insurance through the NFIP, you won’t have coverage for the loss of business income that comes from being shut down due to a flood.

In short, the peril of flood is a risk management challenge for most people and most businesses.

Talk with your insurance advisor for more information.

Scott Simmonds, CPCU, ARM, CMC
“The Guy With the Big Insurance Brain”
Providing Unbiased Insurance Assurance℠