What does flood insurance cover?

Genesis Insurance Wants You to Know About Flood Insurance

Since damage due to flooding is not normally covered by your regular homeowner’s insurance policy, you may want to obtain one as heavy rains and monsoons can impact you in Arizona, causing damage to your property. Even if you have never experienced a flood in the past, the weather is unpredictable, so you will want to be covered, just in case.

The National Flood Insurance Program (NFIP) offers flood insurance, but it can be purchased through your insurance agent who handles the coverage of your home. The rates are set through the program and are determined by the date and type of your home’s construction along with the level of risk to your property depending on its location. You may pay a little more if your property is located near a body of water or a flood-prone area. Flood insurance policies are offered for not only homeowners but renters, business owners and renters, and the owners and renters of condominiums.

A flood insurance policy will cover your house or building and its foundation along with the electrical and plumbing systems at your Arizona home or business. It will also cover equipment, such as air conditioning, water heaters, and furnaces, as well as appliances, including your refrigerator, stove, and dishwasher. Other items covered include permanently installed carpeting that was installed over unfinished flooring.

The National Flood Insurance Program has a Community Rating System which is a voluntary program that assists communities in implementing floodplain management. If your community participates, you may be able to receive a break on the cost of your flood insurance premiums.

Your trusted agent at Genesis Insurance in Phoenix, AZ will have all the details to assist you in obtaining your flood insurance policy.