Flood insurance covers water damage to structures resulting from the rising of rivers, lakes, and oceans. When aggregating the combined risk associated with the Pacific, Atlantic, and Gulf coasts, as well as interior rivers and river deltas, nearly 40% of Americans have the potential to experience a flood.

This form of insurance is ideal for those in at-risk areas. Indeed standard policies assume this is where customers reside, and thus offer comprehensive coverage for buildings and possessions. If one inhabits a low-to-moderate-risk region, coverage is more flexible, allowing for itemization. In the case of comprehensive coverage, most companies will cover everything except vehicles.

When selecting a flood insurance policy, be sure to account for the type of structure in question. Condominiums, offices, houses, and apartments, for instance, all vary in terms of premiums and minimum/maximum coverage amounts. Also, some policies place exemptions on certain areas of the property. Basements, crawl-spaces, and other low-lying areas which are more susceptible to flooding are examples of these.

Before taking out a flood insurance plan, ensure that the minute details are as expected. Have the area limitations, as well as the minimum and maximum coverage amounts, been made clear? Can claims be made online? Is emergency support offered? If necessary, what is the cancellation policy?

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  • Commercial and residential flood insurance
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How We Compare Flood Insurance

Coverage & Protection


Flood insurance just like any type of insurance program vary according to the level of coverage and protection plan. Policyholders should focus on insurance companies with high maximum coverage limits and less exclusions.  This should at least cover personal injury and property damages that include cars, appliance, furniture, personal belongings, and non-flammable insulation. Other things to look out for are debris removal, floor coverings and electrical and plumbing system services.

There are the two major types of flood insurance programs these are:

1. Standard Policy Risk – Customers living in high-risk areas are qualified. High risk zones are more likely to suffer from flood damage than any other type of calamity. Buildings and possessions are covered.

2. Preferred Risk Policy – Customers living in low-to-moderate risk zones are ideal for these type of programs. This type of policy offers better flexibility allowing customers to choose covered items.

Plan Details


This includes information on minimum and maximum coverage, length of contract and waiting periods if any. Being able to provide sample contracts could also give flood insurance shoppers a quick look into the different coverage options and how much is it going to cost you.

  • Policy date of effectiveness – waiting period or time before the policy becomes effective
  • Annual Plan – the company offers a yearly-based flood insurance program.
  • Minimum Coverage – The minimum amount covered based on the declared values of policy holder’s properties and belongings.
  • Maximum Coverage – The maximum amount of covered based on the declared values of policy holder’s properties and belongings.
  • Sample Policy – document outlining the company’s insurance policy terms that can be viewed by the public
  • Privacy Policy – Legal agreement that states how personal information is used

Structures Covered


Flood Insurance companies must be able to service a variety of home and business structures. Premiums and covered amount may vary depending on the type of structured insured. 

a.         Condominium
b.         Townhouses
c.          Offices
d.          Apartments



Flood insurance companies may place limits on the areas covered in your home. Low-lying areas such as basements and enclosed spaces are usually exempted from coverage.

1. Basement – Area in the building having its floor below the ground level

2. Crawl Space – Area where in the building under the floor that provides access to wiring and plumbing

3. Walk-out basement – A basement with a doorway outside

4. Enclosed areas – Area below the lowest elevated floors that is completely secure with rigid walls.

Customer Support

  • Coverage Calculator – An online feature that helps customers know the cost of their personal properties insured.
  • Online Quotes – Quick cost estimates
  • Online Claims –claiming through a company’s online portal
  • Telephone Support – phone based support for inquiries, concern and claims
  • Email – Electronic mail service provided by the company to respond to customer’s inquiries.
  • Live Chat – Web based service that allows customers to communicate with an agent in real time.
  • FAQs – List of information and other resources for quick reference to commonly asked questions