Floods Are Not Covered

Floods Are Not Covered

Most people know this, or at least SHOULD, but for some reason, always think, "Oh, we're not in a flood zone, so we're in no danger of flooding.. why buy flood insurance?"

Floods, aren't covered under homeowners insurance policies — something many Katrina victims learned to their chagrin.  The National Flood Insurance Program, run by the Federal Emergency Management Agency, offers coverage.  If you live in an area that's prone to either floods or hurricanes, you need both wind and flood coverage.

It seems that not a week goes by any more that we don't hear news about floods from heavy rains in areas that have never flooded before, or at least not in a very long time. 

So don't be negligent or niave in thinking "flooding will never happen to us.. we're not in a flood zone."  Neither were millions of Americans who have sustained some sort of flood related damage to their homes recently, and had no coverage for the damage.

If you're the victim of a landslide, however, you're pretty much on your own.  That kind of earth movement usually isn't covered, so it pays to get a geologist's report before buying any home near a cliff or on a hill.

Have you experienced flood or water damage that was not included on your homeowner insurance policy?  We'd love to hear from you.  Leave us your comment below.