Insurance sold by private insurers with rates subsidized by the federal government to persons who reside in flood zones and whose community joins the program and agrees to establish and enforce flood control and land-use measures.
Insurance against damage from flooding. A specialized insurance which must be purchased separately.
Insurance coverage provided under the National Flood Insurance Program.
Insurance that provides coverage for losses resulting from a flood. This coverage is not included in a standard homeowners policy, but can sometimes be added for an extra premium. In addition, depending on the community where you live, you may be eligible for federal flood insurance through the National Flood Insurance Act.
Required on all mortgage loans in which the subject property lies within a federally designated flood zone. This insurance only covers loss due to flooding.
Insurance to cover damages to your home, or belongings in your home, caused by flooding, that can be purchased through your local insurance agent.
Insurance that protects a homeowner from the cost of damages to a property due to flooding or high water. It is required by law that properties located in areas prone to flooding (Special Flood Hazard Areas - SFHA) have flood insurance. The federal government determines if a property is located in a SFHA.
Insurance that is required on homes located in a flood plain. Offered by the National Flood Insurance Program.
Insurance required by lenders on homes located within a flood plain. This type of insurance protects homeowners against damage and losses incurred by a flood.
Insurance coverage against loss by flood damage. Required by lenders in areas federally designated as potential flood areas.
Covers your property in the event of a flood. Flood is commonly excluded from property insurance policies.
Insurance against flood damage. This insurance is required by lenders in certain areas which are deemed to be potential flood areas.
Insurance that compensates for physical property damaged resulting from flooding.
A type of homeowners insurance protecting against damages caused by flooding.
Insurance designed to reimburse property owners for loss due to flood or to flood related erosion. Administered through the Federal Insurance Administration, but marketed though independent agents.
Flooding is not covered by a standard homeowners insurance policy, but can be bought from an insurance agent/company under contract with the Federal Insurance Administration (FIA), part of the Federal Emergency Management Agency (FEMA). Flood insurance is available provided the applicant's community participates in the National Flood Insurance Program (NFIP).
A separate insurance policy that covers damages to a house and/or personal property caused by flooding that occurred outside the house, e.g. rain storms or a dam brake (This coverage is not available on a standard homeowner's policy). Flooding caused from within a house are typically covered on a standard homeowner's policy, e.g. a water pipe brake.
Insurance that compensates for any physical property damage due to flooding. We require members to attain flood insurance if their property is located in a federally designated flood area.
Insurance protecting against loss by flood. This is required by lenders in areas federally designated as potential flood areas.
is federally subsidized insurance made available through the National Flood Insurance Program for residents of communities that participate in the program. FLOOD INSURANCE, initially instituted to mitigate the cost to the Federal government for providing disaster assistance in cases of flooding, protects homeowners or renters against large monetary losses resulting from flood damages.
insurance required for properties in federally designed flood areas.
Insurance required on properties located in a designated flood area
Policy covering property damage as a result of natural flooding; may be required on properties in a designated flood zone.
The insurance that protects property against damage caused by flooding.
A type of catastrophic coverage available for an additional premium to repair or replace your property/personal belongings when damaged by rising water. Standard home insurance policies do not cover flood insurance. If your property is located on a flood plain, your lender may require you to purchase flood insurance.
Insurance that compensates for physical property damage resulting from flooding. Required in areas where flooding is a regular occurance.
If flood determination obtained by your lender indicates that any portion of the property is located within a flood zone, a policy of flood insurance may be required by your lender. Click here for more information.
Insurance that compensates against loss by flood damage. Typically not included in standard hazard insurance.
See National Flood Insurance Program.
A form of hazard insurance that may be required by the lender as a condition of making the loan. May not cover personal property.
Insurance that covers a property for loss due to flooding waters.
Insurance that will cover any damage to a piece of property as a result of a flood.
Insurance required by lenders for properties located in federally designated flood zones.
Insurance that may be required by the lender if a property is in a federally designated flood area.
Insurance indemnifying against loss by flood damage. Required in federally designated special Flood Hazard Areas. The insurance is private but federally subsidized.
Flood insurance provides guaranteed flood certifications, force-placed insurance, and tracking for the life of each mortgage loan in compliance with the National Flood Insurance Reform Act of 1994. Properties located in specific flood hazard areas must have flood insurance to receive federal loan funding.
Insurance that covers damage to physical property resulting from flooding. It is required by mortgage companies for homes in designated flood areas.
A private or government-sponsored policy covering home repair and the replacement of personal property damaged by a flood. Normally not included in basic homeowner's policies.
Coverage for damage caused by water that overflows its natural boundaries. This is frequently excluded by standard Property Insurance policies, but can be included at an additional cost by Endorsement. Coverage is also available through the government-sponsored program under the National Flood Insurance Act
Insurance that compensates damage from flooding. In designated flood areas this insurance is required.
A form of hazard insurance required by the federal government to cover property damage or loss in flood zones.
Coverage against loss resulting from the flood peril, widely available under a program developed in 1968 by the private insurance industry and the federal government.
Insurance that compensates for physical property damage resulting from flooding. It is required for properties located in federally designated flood areas.
A form of insurance covering losses from floods.
If property is located within a designated flood area and such insurance is available, many lenders require such coverage to protect against loss through damage due to flooding. This is considered a prepaid expense and one year's premium is normally paid in advance by the purchaser.
Insurance that covers physical damage to a property caused by flood. Flood damage is typically not covered under standard hazard insurance.
Supplemental insurance which covers a home owner for any loss due to water damage from a flood. Often required by lenders for homes located in FEMA-designated flood zones.
The Federal Flood Disaster Protection Act of 1973 requires that federally-regulated lenders determine if real estate to be used to secure a loan is located in a Specially Flood Hazard Area (SFHA). If the property is located in a SFHA area, the borrower must obtain and maintain flood insurance on the property. Most insurance agents can assist in obtaining flood insurance.
A form of hazard insurance to cover property damage or loss as a direct result of a flood (which is not covered by homeowners insurance). This type of insurance is generally required by law for properties located in areas identified as having particularly high risk of flooding.
Special hazard coverage from a reputable flood insurance provider that is recommended on all properties and required if a property is located in a special flood hazard area.
Insurance indemnifying against loss by flood damage, required by lenders in areas designated (federally) as potential flood areas.
Coverage against damages caused by the rising or overflowing of bodies of water.
A policy of insurance that specifically covers damage due to flood waters, required in designated flood areas.
Coverage against damage done by the rising or overflowing of bodies of water.
Insurance that compensates for direct physical damages by or from flood to the insured property subject to the terms, provisions, conditions and losses not covered provision of the policy. It is required for mortgages on properties located in federally designated flood areas.
Typically not covered under standard hazard insurance, flood insurance compensates for physical damage to a property due to flooding.
Insurance that covers the cause of damage to a home due to flooding.
Insurance that will pay for damage that occurs when a property is flooded.
A type of real property coverage to protect against losses arising from floods; required for real property located in "Designated Flood Hazard Areas" as designated by governmental agencies; used for the security of loans.
"When the flood waters recede, the poor folk start from scratch." (Richard Wright) They start from scratch unless they have flood insurance. In federally designated flood areas, flood insurance is required. If there's even a remote chance that your area may flood, having flood insurance is prudent.
A form of insurance designed to reimburse property owners from loss due to the defined peril of flood. Usually sold in connection with a government Flood Insurance plan.
Insurance that home buyers in federally designated flood areas must purchase in order to obtain a mortgage.
Hazard insurance that protects home-owners against property damage from flooding.
The required coverage for properties in federally designated flood areas.
Insurance that will be required if a property is in a federally designated flood hazard area.
Insurance against flood damage. May be required by lender if subject property is in a flood zone.
Flood insurance is required on all properties located in Special Flood Hazard Zones. Flood certifications will indicate whether the property lies within an area so designated. Flood insurance, if required, will be escrowed for and paid on the borrowers behalf by the lender as part of servicing the loan.
Insurance protecting against loss by flood damage
Policies sold to cover property owners from losses caused by floods or flooding, usually offered in conjunction with a government flood insurance plan.
Hazard coverage that is required in designated flood areas.
A policy that pays the homeowner for damage caused by flood waters. The policy does not cover damage from falling water, such as rain that may cause a roof to leak.
damaged caused by floods is not covered under the homeowner's policies; only this type of insurance covers losses to your property due to floods
Insurance against damage by flood which is easily obtainable where the risk is comparatively remote but not, as in parts of the U.S.A., where it is endemic and where a federal insurance scheme has proved necessary.
Insurance coverage provided under the NFIP.
insures damage to property caused by flooding. Flood insurance is required in designated flood plains.
An insurance policy that covers property damage due to natural flooding. Flood insurance may be required on properties in a flood zone.
Insurance that compensates for physical damage to a property by flood. Typically not covered under standard hazard insurance.
A program administered in the United States under the guidelines of the federal government to provide flood insurance. HARRP Agency Insurance Services, Inc. can obtain this coverage for HARRP members.
Protection against flood loss through the 1973 Flood Disaster Protection Act.
An insurance policy that covers property damage due to natural flooding. Flood insurance is offered by private insurers but is subsidized by the federal government.
Insurance coverage that is required in designated flood areas.
Flood insurance is insurance subsidized by the federal government required for property improvements located in a federally designated flood area.
insurance required by lenders if the property is located in a flood-plain or is subject to damage by flooding.
A mandatory insurance for some homeowners whose property is built in a designated flood zone.
zard coverage that is required in designated flood areas.
A form of hazard insurance required by lenders to cover properties in flood zones.
Insurance that protects a property owner from damages resulting from flooding. Due to the high cost of flood insurance when written through a private insurance company, Congress enacted the National Flood Insurance Program in 1968. 'Me intent of this legislation was to provide insurance coverage for those people suffering both real and personal property losses as a result of floods. Due to the lack of public interest in the program, Congress enacted the Flood Disaster Protection Act in 1975. Under this law, no real estate located in a floodplain area can be financed through a federally regulated lender unless flood insurance is purchased.
Coverage for flood damage is available from the federal government under the National Flood Insurance Program but is sold by licensed insurance agents. Flood coverage is excluded under homeowners policies and many commercial property policies. However, flood damage is covered under the comprehensive portion of an auto insurance policy. (See Adverse selection )
Property coverage against loss from a flood peril available through the National Flood Insurance Program. Call 1-800) 638-6620.
Coverage that is required for property in a designated flood plain or zone.
A policy that pays the homeowner for damage caused by rising water. It does not reimburse the owner for falling water, such as rain falling through a hole in the roof, but pays for damage stemming from flooding.
Coverage against loss resulting from rising water.
insurance that protects homeowners against losses from a flood; if a home is located in a flood plain, the lender will require flood insurance before approving a loan.
A regular homeowner's policy will not pay for damages caused by flooding. In order to get the coverage, you'll have to go to some outfit that writes for the National Flood Insurance Program. Outside of fire, flooding is the most widespread natural disaster. If your community participates in NFIP's floodplain management program, you should be eligible to buy the coverage. The only people who may have trouble finding flood coverage are residents of "coastal barrier resource system" areas and communities that do not participate in NFIP's programs. Flood insurance is also available to renters, condominium owners, and co-op owners.
(Not recognized in Britain. This forms a 'standard peril' in UK policies) A form of insurance designed to protect property owners from loss due to the defined peril of flood. It is required for properties located in federally designated flood areas.
Insurance that covers against losses that are a direct result of flood damage. Flood insurance is required by lenders if a property is located in a flood zone.
Insurance that protects a homeowner from the cost of damages to a property due to flooding or high water. It is required by law that properties located in areas prone to flooding have flood insurance. The federal government determines whether an area is prone to flooding and considered to be in a flood plain.
Insurance that covers damage caused by flood. Required in properties located in federally designated flood areas.
Insurance that protects against loss due to floods. When available, this type of insurance is required by law when a property is located within a special flood hazard zone.
Coverage against loss resulting from the flood peril, widely available at low cost under a program developed by the private industry and the federal government.
Flood insurance denotes the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands and floodplains that are susceptible to flooding.