Does Flood Insurance Cover Hurricanes?
Natural disasters such as hurricanes can cause extensive damage to homes and properties. Among the types of damage that may result from hurricanes, flooding is one of the most common and costly. It is essential to understand what kind of insurance coverage you may need to protect your home and belongings. This is especially the case if you live in a flood-prone area or an area that frequently experiences hurricanes.
What Does Flood Insurance Cover?
Flood insurance is a type of coverage that protects your property against damage caused by flooding. It is important to note that flood insurance is distinct from homeowner’s insurance. It’s usually provided by the National Flood Insurance Program (NFIP), which is administered by the Federal Emergency Management Agency (FEMA). Some private insurance companies also offer flood insurance policies.
Flood insurance covers damages to your home’s structure. This includes its foundation, walls, floors, and ceiling. It also includes damage to your personal property, such as furniture, clothing, and electronics. But you have to remember that not all types of damage are covered under flood insurance. For example, damage caused by mold or mildew resulting from a flood is not covered.
Losses due to business interruption or additional living expenses also aren’t included in these insurance plans.
What Doesn’t Flood Insurance Cover?
While flood insurance covers a lot of damage, there are exclusions and limitations that you need to be aware of. For example, it does not cover damage caused by sewer backups or water that enters your home through leaky or broken windows or doors. It also doesn’t cover damage to your vehicles. This means that you’ll need to obtain separate insurance for your vehicles.
It is also important to note that flood insurance has coverage limits and deductibles. The coverage limit for the structure of your home is up to $250,000. As for personal property, the limit goes up to $100,000.