flood insurance quote west valley city utah

Rates for the National Flood Insurance Program (NFIP) have grown to the point where normal insurance companies can now offer the coverage. Gone are the days when only one flood insurance option existed. Even in areas considered at low risk of flooding, floods can occur. The homeowners insurance company tried, but even though the flood was small, manmade, and localized, they could not pay for damages because it was still a flood. However, before authorities could get it turned off, water washed across the area and damaged their home. A municipal water supply broke down the street, away from their property. That last example above comes from a recent client claim. Failure of manmade or natural water boundaries such as riverbanks, dikes, or bulkheadsįloods are unpredictable.Water damage due to poor landscaping and drainage.Below are several examples of what may qualify as a flood under this broad definition. Though true, the insurance definition of “flood” is simply an excess of water on land that is normally dry. When mentioned, most of us think of rain overwhelming low areas or hurricanes bringing storm surge. The word “flood” carries a different meaning in insurance than elsewhere.

All this underscores the fact that even if a home or business is outside a flood risk area, flood damage can still occur. Thirty percent is a lot, and is more significant when considering that less flood insurance is purchased in those areas. In fact, thirty percent of all flood claims come from areas considered at low risk of flooding on flood projection maps. However, few clients realize how many water events are considered a flood. Though certain types of water damage are included, a separate flood insurance policy is needed for flood protection.

South Carolina Ground Water Associationįlood damage is not covered by standard home or business insurance policies.

North Carolina Ground Water Association.

Georgia Association of Groundwater Professionals.

Community Transportation Association of Virginia.

Apartment, Student Housing, Associations.

Flood insurance quote west valley city utah