Is it flood damage or water damage?
According to the Federal Emergency Management Agency (FEMA) a flood is a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least 1 of which is the policyholder’s property) from:
- Overflow of inland or tidal waters
- Unusual and rapid accumulation or runoff of surface waters from any source
Additionally, a flood can be a collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood, as defined previously.
What does your policy cover?
It is always important to review your insurance policy to ensure what is and is not covered under your policy. If your insurance company has denied your water damage or flood damage claim, contact us for a free insurance claim review.