What types of property does a NFIP policy insure? A NFIP policy insures against direct physical loss by or from flood to items such as: What else does a NFIP policy insure?
See the policy for a full description of these coverages, their limits and exclusions. Can I buy flood insurance if I live in a high-risk flood area? You can buy a policy from the National Flood Insurance Program, as long as your community participates in the NFIP. Nearly all of the nations communities with serious flooding risks have joined the NFIP. Call Foremost to find out if your community participates. Can I buy flood insurance just before or during a flood? You can purchase flood insurance anytime. There is a 30-day waiting period after youve applied and paid the premium before your policy is effective. Exceptions to this rule: • If you purchase flood insurance in connection with making, increasing, extending or renewing a loan, there is no waiting period. • If you purchase flood insurance during the 13-month waiting period following the effective date of a revised community flood map, there is a one-day waiting period. Also, the NFIP policy does not cover any loss in progress.
Related Questions
- What types of property does a NFIP policy insure? A NFIP policy insures against direct physical loss by or from flood to items such as: What else does a NFIP policy insure?
- How is damaged residential property valued after a loss under an NFIP policy?
- What types of property may be insured against flood loss?
