What to Do if Flood Water Damages My Property?

Flood water can be extremely destructive. If you are a victim of a flood, there are certain things that should be done in an effort to make the insurance claims process easier.

Before understanding what to do during a flood, it is important to understand that not every insurance policy covers floods. Most homeowners and/or renters insurance policies list floods as an excluded peril. This means any property damage is most likely not covered and will have to be paid out-of-pocket.

Luckily, there is an additional insurance policy that may be purchased that can offer homeowners and renters the property protection they need in case a flood should occur. A National Flood Insurance policy will help cover expenses related to property damage that has been caused by a flood.

If you possess a policy that offers flood damage coverage, there are certain things that must be done in order to obtain compensation for that damage. The first thing to do in the event of property damage from a flood is to contact the insurance company that provides your insurance policy.

Contacting the insurance company should be the first thing that is done because coverage can be denied in the event the incident was not reported in a timely manner. Each insurance company has their own definition of ‘timely manner’, so it is best to contact them as soon as possible to avoid any potential problems with your insurance claim.

Even if you are unsure if you possess flood coverage, it may be a good idea to call your insurance company anyways. Your insurance company can provide you with guidance on whether you have a policy that will provide coverage for flood damage.

After contacting the insurance company it is best to start collecting information on the damaged property. Information that can be collected include a list of any property that has been destroyed or damaged, photos of the damage, and any pictures of the property before the damage.

If the property may need to be repaired, try and collect any estimates for repairs. These estimates will be helpful when making a claim to receive reimbursement for property damage that happened as a result of a flood.

Additional flood insurance coverage may not be as expensive as anticipated. Using our website, you can compare homeowners insurance policies with multiple companies to find the best rate and coverage for your needs.

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