Understanding Flood Coverage: Safeguard Your Home Against Nature’s Surprises

Floods are unpredictable and can be devastating. As a homeowner or renter, you may feel your standard insurance policy covers you— but does it really? When nature decides to overflow its banks, it’s the additional flood coverage that can be the lifeboat for your assets. Here’s what you need to know about securing your home with flood coverage.

What is Flood Coverage?

Flood coverage is not just an add-on; it’s a necessary layer of protection for your home. It steps in when freshwater flooding—such as that from rivers, lakes, or even heavy rain overwhelming drainage systems—threatens your residence. Flood coverage is not covered in your base coverage, it is an optional coverage which needs to be added onto your policy. Without this coverage, you could potentially be flooded with financial repair expenses.

How is Flood Insurance Unique?

Your base policy will generally cover sudden and accidental water escape. Flood coverage is an optional add-on coverage which covers the breaking out or the overflow of a body of fresh water or a watercourse, whether natural or man-made, provided the breakout or the overflow is caused by rainfall, rainwater, or rapid and sudden melting of snow or ice.

Determining Flood Zone Necessities

Not sure if you live in a flood zone? Leave that to us. With access to flood zone maps and quoting systems, your broker at Waypoint will be able to ensure your flood coverage needs are accurately assessed and met.

Coverage Details and Exclusions

Flood coverage safeguards your home and its contents from freshwater damage. However, it’s crucial to understand that damage from salt water, tidal waves, or tsunamis are generally excluded. Coverage can differ among insurers—some offer specific limits, while others extend up to your full policy limits for home and contents.

Policy Maximums and Our Prestige Program

The cap on flood coverage varies. Some insurers set specific limits, while others may offer up to 125% of the dwelling limit. At Waypoint, our Prestige program coverage is very comprehensive, talk to one of our brokers to learn all about the areas flood coverage protects you and the things you love.

Having the right flood coverage means you can rest easier when the storm clouds gather. It’s not just about peace of mind—it’s about financial stability and resilience in the face of natural challenges.

Ready to safeguard your home from unexpected flooding? Our brokers are on standby to discuss the nuances of flood coverage and find the right plan for you.

Use the form below to contact one of our knowledgeable brokers and learn more about our flood coverage protection. Your home is your sanctuary; let’s keep it that way.