Collapse or subsidence of land and the insured house, along a shore of a body of water caused by waves or currents of water are considered a flood and are covered by this policy.
Flood insurance is required by law for some high risk homes but only a minority of homes fall under this category. Congress passed some laws requiring that all federally-insured or regulated lenders, for instance mortgages backed by Fannie Mae or Freddie Mac require flood insurance to protect their investment in the property.
25% of homes with flood claims each year are in low risk zones.
Overflows from sewer systems or sump pumps are not considered a flood unless a flood has caused the backup and overflow.
There are many things that you can do to protect your home and personal property. Click here to find out more.