How Can You Protect Against Flood Damage?
The Federal Government runs the National Flood Insurance Program (NFIP), which is why most home and property insurance typically doesn't cover flooding.
The government draws a Flood Hazard Boundary Map that divides the country into flood zone risk areas, and their Flood Insurance Rate Map sets the coverage and premiums for those areas.
You can learn more about your coverage options here or by contacting a local Allstate agent.
Please note there is a waiting period before your flood insurance coverage becomes effective:
- The standard waiting period for a Flood Insurance Policy to go into effect is 30 days from the application and premium payment date.
- One exception to this rule occurs when Flood Insurance is required for a mortgage loan, in which case the effective date for Flood Insurance coverage is the loan closing date.*
How Can You Protect Against "Non-Flood" Water Damage?
You may need to consider additional water backup insurance. Neither the NFIP, nor your base homeowner's policy, will typically cover water that backs up through sewers or drains or overflows from a sump pump. To be sure you have the right coverage, discuss all of your specific concerns about water damage with your Allstate agent.