What does Flood Coverage mean? Read on to discover the definition & meaning of the term Flood Coverage - to help you better understand the language used in insurance policies.
Coverage for damage to property caused by flood. May be available by endorsement to an all risks policy or to a difference-in-conditions (DIC) policy. Normally, the coverage provided is subject to a per occurrence sublimit, an annual aggregate limit, and a separate deductible. Coverage may also be available from the National Flood Insurance Program (NFIP).
We hope the you have a better understanding of the meaning of Flood Coverage.