Does flood insurance cover a leaking appliance or appliance hose?
The NFIP flood insurance policy does not cover leaks from internal sources. This damage is covered by many homeowners policies. The NFIP was created to provide protection from natural disaster-type flooding from external sources. Talk to your clients about what is covered by homeowners insurance. Even if they have a policy with another insurance agent, you can offer a clear answer to their questions, since they may not be getting the clarity they need from their other agent. This could be an opportunity to show them you can help. I live in a condominium; do I need flood insurance? Boards of Directors of condominium associations are usually responsible for maintaining all forms of property insurance including flood insurance. Very often the association will purchase a Residential Condominium Building Association Policy (RCBAP), which covers the entire residential condominium building, including both common building elements and individually owned building elements within the units, impr
