Flood insurance, even in a non-flood zone? Sure

Wang Yan

Global Courant

Record-breaking flooding came after one of the most destructive hurricanes to hit the US. In fact, in the southeastern areas of the Lone Star State, the majority of homeowners don’t even have flood insurance. And who can blame them? There was never a precedent in place. While hail and wind storms are a constant concern for property owners and businesses, no one would have imagined that rainwater would contribute to massive damage, as suffered and broadcast across the country in recent days. Certainly not the mortgage lenders, because they don’t even demand it from borrowers!

But as the toll has risen among the dead and those forced from their homes to seek shelter, one thing remains clear. When things finally settle down, homeowners and those in the commercial sector will have to deal with the epic losses and damages on their own due to a lack of related coverage.

For homeowners without flood coverage, the facts are inconvenient because they are painful: Standard home insurance does not cover flooding and the damage associated with it. The insurance industry insists in no uncertain terms that only those who had the foresight to purchase flood insurance will be reimbursed in the event of water damage due to atmospheric conditions such as a hurricane, tropical storm, or other inclement weather.

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A little history about flood insurance:

It was 1968 when the United States Congress mapped out its flood program. Designed to help home and business owners through the financial ravages of a damaging flood, her policies are offered in all communities involved in the Rules of Participation.

Flood coverage protects property owners or tenants from damage to buildings and contents.

This includes the following:

• The structure, as well as the foundation of the building

• Electrical and plumbing systems

• Central air conditioning, oven, water heater

• Refrigerator, cookers and any installed appliances, such as a dishwasher

• Carpet laid over bare floors

• Personal clothing and electronics

• Drapery

• Portable heaters and air conditioners

• Carpet other than what is included in the property coverage

• Washing machines and dryers

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Flood damage claims typically include:

• Replacement Cost Value: Up to eighty percent of the amount required to replace damage to property in a single family home, primary residence


• Actual cost – replacement cost at time of loss less physical depreciation

Note: The flood program always uses the actual cost value to determine personal property reimbursement.

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Flood insurance, even in a non-flood zone? Sure

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