Flood Insurance

What is Flood Insurance?

Water can cause damages to your home, possessions, and other assets, whether it’s caused by a pipe that burst open, storm, or flooding river. It’s essential to understand the numerous types of floods as well as other water-related happenings and how insurance plans cover such risks. Flood insurance is a coverage that protects your property and everything in it from water damage. Although this plan can be bought through different insurers, all the policies are regulated by the federal government. The risk factor of a flood occurrence can be reflected in the premium costs. If your property is at a high risk of floods, you’ll pay a high premium compared to other property owners.

See all policies





Different ways insurers treat their flood policies

An insurer can include flood cover as an unavoidable part as you take out a household policy. Other insurers have floods categorized as a standard inclusion but can allow you to opt-out of the plan. Some insurance companies have set a certain value for the damages they can cover. Other insurers cannot cover flood no matter the circumstance. Knowing if your plan covers flood

As you select your plan, ensure that you understand the risks of flood covered. Go through the policy carefully before you can buy any coverage and be sure to understand if the policy includes flood damage. If so, get to know the type of damage included. Consider consulting your agent or insurer if you need clarification on something. In case you are at risk of suffering flood damage, ensure that you have reviewed the terms and conditions of the cover. Restrictions on the things a policy will or will not cover are often listed as exclusions.

Note that most policies will not cover any misfortunes of the sea. Insurance companies also may not cover the future effects of climate change that may result in flooding.

Get a free estimate on this policy

We treat our clients like family.
Our mission is to help clients achieve their dreams by providing the protection required to overcome life’s challenges, and the guidance needed to thrive.

841 Quince Orchard Blvd
Ste. J
Gaithersburg, MD 20878

1100 W Patrick St Unit C Frederick, MD 21703

3600 14th St. NW Washington, DC 20010

(301) 921-7800