Does a homeowner's insurance policy cover a flooded basement?

Here is a question thousands of homeowners and tenants will ask now that the latest rains are subsiding: Will the insurance cover the water damage in my basement? Unfortunately, for most people, the answer is "probably not". Standard homeowners' insurance does not cover flood damage, so if you do not have specific flood insurance, you must pay the bill for any water damage from the recent rain. The Insurance Information Institute offers this rule of thumb: water coming from the top down (for example, ice ponds) is generally covered, but when water comes from the bottom up, for example during a flood, it is not covered. If you have any questions, contact our office at 41

3.475.7283 or fill out our quote form online today

Many homeowners who live in a risk-free flood area think they do not need to insure against floods but the reality is that at least years, are About one-third of all damages are paid by the National Flood Insurance Program for low-risk communities. Over a 30-year mortgage, your home has a 26% chance of being damaged by a flood, compared to a 9% risk of fire. Repairing water damage can be costly- you can learn how expensive it is with this inch-by-inch interactive cost of flood calculator.
You can learn more about floods, flood risk and the National Flood Insurance Program (NFIP) at Floodsmart.gov. Do not get caught – talk to your agent about flood insurance options – if you are in a low to moderate risk zone, insurance can be very affordable.

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Here is a question that thousands of homeowners and tenants will ask now that the latest heavy rains are subsiding: Will the insurance cover the water damage in my basement? Unfortunately, for most people, the answer is "probably not". Standard homeowners' insurance does not cover flood damage, so if you do not have specific flood insurance, you must pay the bill for any water damage from the recent rain. The Insurance Information Institute offers this rule of thumb: water coming from the top down (for example, ice ponds) is generally covered, but when water comes from the bottom up, for example during a flood, it is not covered. If you have any questions, contact our office at 413.475.7283 or fill out our quote form online today

Many homeowners who live in a risk-free flood area think they do not need to insure against floods but the reality is that at least years, are About one-third of all damages are paid by the National Flood Insurance Program for low-risk communities. Over a 30-year mortgage, your home has a 26% chance of being damaged by a flood, compared to a 9% risk of fire. Repairing water damage can be costly- you can learn how expensive it is with this inch-by-inch interactive cost for flood calculators.
You can learn more about floods, flood risk and the National Flood Insurance Program (NFIP) at Floodsmart.gov. Do not get caught – talk to your agent about flood insurance options – if you are in a low to moderate risk zone, insurance can be very affordable.

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