Know Your Flood Insurance Policy

3/5/2020 (Permalink)

Flood insurance is something that is very important to have if you live in an area that is susceptible to water-related storm damage. But this type of policy does not cover everything.

Look over your individual policy to find out exactly where you are and are not covered.  Learn what type of damage is not covered by most flood insurance policies below.

Internal Malfunctions

Some homeowners believe that all water damage is covered.  But this is not true. Flood damage only covers water damage that is a result of external sources like excess rainwater or a hurricane.  If a pipe bursts and causes a “flood” in your basement, this will not be covered.

Swimming Pools

Another common misconception is that because your pool is outside your home, it will be covered.  If a crack in the liner causes the water to drain into your home, this will also not be covered.

Secondary Damage

While you may be covered for water that is a result of a storm, any residual effects will be your responsibility.  For instance, your policy should cover extraction of excess rainwater. But if moisture remains, which leads to mold, your flood insurance will not cover this.

Living Expenses

A flood in your home may force you to relocate until the remediation process is completed. Living expenses, such as hotels and food during this time period will not be covered by your flood policy.

As mentioned above, look at your flood insurance policy to find the limitations so that you are not surprised in the event of flood damage.  If you do sustain storm-related flood damage, call SERVPRO of Trumbull, Monroe & Northern Bridgeport.