Flood Insurance Coverage Disclosure
Images. One type insures your building and the other insures its contents. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands, floodplains and floodways that are susceptible to flooding.
Flood insurance denotes the specific insurance coverage against property loss from flooding. Exceptions are only made for certain circumstances, such as if you're purchasing a home and the closing is in less than 30 days. If you ask around, you'll find out that erie has been offering great coverage and service for a long time—over 90 years, in fact.
When flood insurance coverage is the right idea.
What does flood insurance not cover? Discount amounts and total savings will vary. The national flood insurance program (nfip) was established by the national flood insurance act of 1968 (nfia, 42 u.s.c. §4001 et seq.), and was the federal emergency management agency (fema) has identified the need to increase flood insurance coverage across the nation as a major.