Floods can cause a lot of damage to homes and businesses.

Having flood insurance is important because it helps protect you financially. But understanding flood insurance and how to get money from your insurance company can be confusing.

Here’s an overview of flood insurance in simple terms! As lawyers who specialize in helping people with property damage claims, we are dedicated to guiding you through the claims process and making sure you get the money you need for repairs.

What is Flood Insurance?

Flood insurance is a special type of insurance that covers damage caused by floods. Regular home insurance doesn’t cover flood damage. The National Flood Insurance Program (NFIP) is the main provider of flood insurance in the United States. Some areas also have private flood insurance options.

What Does Flood Insurance Cover?

Flood insurance has two types of coverage: building property coverage and personal property coverage.

  • Building Property Coverage: This covers the physical structure of your home, like the walls, foundation, and electrical systems.
  • Personal Property Coverage: This covers your belongings, such as furniture, electronics, and clothes.

Know Your Insurance Policy

It’s important to read your policy carefully to understand what is covered, what is not covered, and how much you will have to pay if you make a claim.

How to Make a Flood Insurance Claim:

To make a flood insurance claim, your property must be in an area that participates in the National Flood Insurance Program (NFIP) or have private flood insurance. There may be a waiting period before your policy becomes effective, so it’s a good idea to get coverage before a flood happens.

Steps to Make a Claim:

  • Report the Damage: Tell your insurance company or agent about the flood damage as soon as possible. Give them all the details and any proof you have, like pictures or videos.
  • Document the Damage: Take pictures, make videos, and write down what got damaged. Keep receipts and records of any expenses you have because of the flood.
  • Review the Settlement: After the insurance adjuster checks everything, they will offer you a settlement. Look at it carefully and think about getting help from a lawyer to make sure it’s fair.
  • Appeal or Dispute if Needed: If the insurance company denies your claim or doesn’t give you enough money, you can appeal their decision. Our lawyers specialize in property damage claims and can ensure you’re paid what you’re owed on your claim.

Flood insurance is important because it helps protect you financially if your property gets damaged by a flood. Understanding how flood insurance works and how to make a claim is crucial. Remember to read your policy, document the damage, and seek help if you need it.