Is flooding from a Hurricane covered with Homeowners Insurance?

Despite catastrophes such as Hurricane Katrina and predictions of more frequent and severe hurricanes, nearly one-third of Americans still mistakenly believe that flooding from a hurricane is covered under standard homeowners and renters policies, according to the Insurance Information Institute (I.I.I.). Flooding (defined as rising water) is not covered by homeowners insurance- you must get a separate flood insurance policy. Because flood insurance is subsidized by the Federal Government it is relatively inexpensive. All of Florida is in a flood zone and just because it is not required by your mortgage company does not mean you do not need it. Most flood policies are below $400 per year for coverage of $250,000 for the dwelling and $100,000 for the contents. E-mail me today- p_mcnama@bellsouth.net to get information on your flood zone.

According to the Federal Emergency Management Agency (FEMA), over 90 percent of all United States natural disasters include flooding. To be caught without this important coverage.

To read the rest of the Insurance Information Instituter's findings click here.