Flood Insurance: What You Need to Know
Standard homeowners insurance does NOT cover flooding. Millions of homeowners discover this the hard way after a storm.
NFIP vs Private Flood Insurance
The National Flood Insurance Program (NFIP) is government-backed with a $250K dwelling / $100K contents cap. Private flood insurance can offer higher limits, faster claims, and broader coverage including basement improvements.
The 30-Day Waiting Period
NFIP policies do not take effect for 30 days after purchase. You cannot buy flood insurance the day before a storm and expect it to cover that storm.
What NFIP Covers
- Structural damage to the building
- Electrical and plumbing systems
- HVAC equipment
- Built-in appliances
- Personal property (separate contents coverage)
What NFIP Does NOT Cover
- Finished basements (walls, flooring, furniture)
- Landscaping and swimming pools
- Vehicles
- Additional living expenses while displaced
- Business interruption losses
Claim denied or underpaid? Free consultation at Louis Law Group.