The Facts on Flood Insurance

Flood insurance can’t prevent the devastation of major water damage to your home, but it can go a long way toward helping you put your life back together. 

Every home is at risk of some form of flooding, which can result from many different causes, including heavy rain and melting snow.  Flood losses are not covered by standard homeowners insurance. To protect yourself, you need to buy a separate policy. Don’t wait for the spring thaw or rains. Flood insurance usually has a 30-day waiting period before coverage takes effect.

All insureds should consider purchasing flood insurance as part of their property insurance needs.  In order to understand your property’s flood risk profile, go to FloodSmart.gov at floodsmart.gov/floodsmart/ and enter your property details.  This site will then give information relating to flood risk and your property.  The site also features a host of other educational resources geared towards understanding the basics of flood insurance, coverage limits and other frequently asked questions.

Talk to your Liberty Mutual representative about obtaining flood insurance.

These tips brought to you by Liberty Mutual Group and the AICPA Auto and Homeowners Insurance Program. The AICPA Auto and Homeowners Insurance Program offers competitive rates and superior service to AICPA members. For more information, or to request a quote, call toll-free 1-866-92-AICPA (1-866-922-4272).

Reprinted with permission from Liberty Mutual.  ã2009 Liberty Mutual Group.  All rights reserved.