"I thought my flood insurance policy covered everything..." - 11 Questions You Need to Ask Your Flood Insurance Agent to Avoid This Statement

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Too many times our Claims Manager hears "But I thought our policy covered everything"

Don't let this happen to you. At the time of a loss is not the time to think about the coverage in your policy.

11 Questions You Need to Ask Your Flood Insurance Agent:

1.       Is my policy a National Flood Insurance Policy?

2.       Who do I contact if I have a loss?

3.       What amount does the policy cover?

4.       Does the policy cover the interior and exterior of the building?

5.       Do I need an excess flood insurance policy?

6.       When does the policy start and how long is it in effect?

7.       What is my deductible?

8.       Does my flood policy coverage include additional living expenses?

9.       Does the policy cover damage to a basement?

10.     What is the appropriate amount of dwelling and contents coverage?

11.     Does my policy pay for replacement cost?

Knowing this information at the time of policy placement is an important part of being Flood Ready. Also, make sure to keep all of your Flood Insurance information and documentation in one safe place so you will know where to find it in case of a flood emergency. 

You can also visit http://www.fema.gov/business/nfip/sfip.shtm for information about your NFIP policy.