Where it rains, it can flood. And since most homeowners understand this, they have purchased flood insurance from Securum LLC in Bellevue, WA to protect their homes from flooding. And not only that. Renters are buying home insurance to protect their assets when floods strike.
However, like any other insurance, flood insurance has limitations and exclusions. Learning about risks not covered by flood insurance is essential when filing claims. Things not covered by your insurance policy are clearly spelled out in the fine print. But before you go and grab your copy, here are common areas you find not covered by your flood insurance policy.
Common Flood Insurance Exclusions
Earth movement
Your typical flood insurance won’t cover damage from earth movement, even if the cause of the movement was flooding. For such damage, you will have to rely on your earthquake insurance.
Mold or mildew
Flood insurance may cover mold growth resulting from the flooding. However, if mold grows due to poor maintenance, don’t file a claim with your flood insurance because the claim is likely to be ignored.
Outside property
Any structure not contained within the walls of your house (apart from a detached garage) isn’t usually covered by flood insurance. So, your yard, patio, fence, and pools aren’t typically covered by standard flood insurance.
High-priced assets
Money, jewelry, and precious metals aren’t normally covered by flood insurance. However, you can consult your insurance agent to clarify the specific high-value items not covered.
Vehicles
Self-propelled assets like vehicles aren’t typically covered by flood insurance. Please consult with your insurer to understand whether your car is covered if swept by floods.
Additional living expenses
Home insurance covers “loss of use” if your dwelling is destroyed by a peril listed in your policy. This may not be the case for flood insurance.
Learn more about flood insurance
Still not sure what exactly your flood insurance covers and excludes? Please get in touch with Securum LLC in Bellevue, WA for more clarification.
