- Most homeowners policies do not cover earthquakes or floods.
- There is a 30 day waiting period from when you buy the coverage to when coverage starts.
- You do NOT need to live in a flood plain to purchase flood insurance.
- If you live in a flood plain it is likely your mortgage company will require you to have it.
- Federal flood policies cap out at $250k for the structure & $100k for personal belongings.
- There are excess flood policies available through private companies.
- Typically, storm damage such as a roof coming off and water coming in your home would be covered under your homeowner's policy.
- Use www.floodsmart.gov for further info.