Is it Water Back-Up or Flood?
February 24, 2012
Everyone has noticed how much rain we’re getting this year, right? (it’s supposed to be winter!) Don’t you wonder where all the water is going?
Coverage for water back-up of sewer and drains is included on most homeowner’s policies, but many are limited to $5,000. If you have rental properties, you may want to check those policies, too.
HOWEVER….coverage for flooding is excluded on homeowners’ policies. You will most likely find it under the ‘Exclusions’ part of your policy, and probably the definition of flood as well. Flood Insurance protects you from the run-off of surface waters from any source.
Want to find out if you are in a flood zone? Click here for FEMA’s Map ServiceCenter.
Want to know more? Give your agent a call.
…your SZW Team