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Please review this
overview of Flood Coverage. We want to bring these important
exclusions to your attention so we can address any gaps in
coverage.
Typically the property
coverage you have in place on your place of business and
your home excludes coverage for all claims caused by Flood.
You are 4x more likely to suffer damage as the result of a
Flood than you are a Fire. You can purchase Flood Insurance
separately as a supplement to your property insurance.
Floods are caused by storms, melting snow, hurricanes and
water backup due to inadequate or overloaded drainage
systems, dams or levee failure. To protect yourself you can
purchase both building and contents coverage for the
broadest protection.
The definition of a “Flood” in the policy form is as
follows:
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The overflow of inland or
tidal waters.
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The unusual and rapid accumulation
or runoff of surface waters from any source such as
heavy rainfall.
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Mudslides or mudflows, caused by
flooding that could be described as a river of mud.
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The collapse or destabilization of
land along the shore of a body of water, resulting from
erosion or the effect of waves or water currents
exceeding normal, cyclical levels.
Flood Insurance covers damage to
building, including the foundation posts. It covers
direct physical losses caused by flood or flood related
erosions.
There are some major exclusions under
the Flood Coverage form, most notable of which is Wind
Driven rain.
To get
a quote on Flood insurance you can call our office or call
NFIPA directly at (800) 427-4661.
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