What does flood insurance cover?
Flood insurance typically covers damage to your home and belongings caused by flooding. This includes structural damage, electrical systems, and plumbing.
Are there any exclusions I should be aware of?
Yes, common exclusions include damage from moisture, mold, and wear and tear. It also doesn't cover damage from sewer backups unless you have specific coverage for that.
How can I purchase flood insurance?
You can purchase flood insurance through the National Flood Insurance Program (NFIP) or through private insurance companies. It's best to compare options.
Is there a waiting period before the coverage starts?
Yes, there is usually a 30-day waiting period before the coverage takes effect, so it's important to plan ahead.
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