Statement Regarding Flood Insurance


Please Note: This policy does NOT cover losses from flood.
Generally, the standard of homeowner's insurance policy does not provide coverage for flooding, surface water that enters the home or rising water. However, coverage for these types of losses may be available through Federal Government's National Flood Insurance Program ("NFIP") or through other sources.
You can obtain information about the National Flood Insurance Program by contacting Liberty Mutual or your insurance agent or by going on the internet to www.FLOODSMART.GOV or by calling 1-800-427-4661. Here are some important facts you should know:
  • Flood insurance policies are available for any home located in a community that is a participant in the NFIP.
  • Some lenders, as a condition of your mortgage, will require that you purchased flood insurance. You should confirm with your mortgage lender or the NFIP, before settlement, if you are required to purchase flood insurance. Even if you are not required to purchase flood insurance, you should consider purchasing it as additional protection for your home.
  • You do not have to be located in a special flood hazard area or be close to a body of water to experience flooding. The risk of flood is present for most homes as floods can be caused by storms, melting snow, heavy rains, dam failures or other causes.
  • You must complete a separate application in order to purchase flood insurance; it is not part of your homeowner's insurance application.
  • Flood insurance policies have two types of coverage: structural coverage for your home and items that are permanently attached and contents coverage for your personal property within the home. Structure and contents coverages are purchased separately and carry separate deductibles.
  • Generally, there is a thirty (30) day waiting period for a new flood insurance policy to become effective; although there are some exceptions to this general rule.
  • As flood insurance through the NFIP is created by federal law, flood claims are adjusted and paid in a different manner than your homeowner's insurance claims.