Homeowners excludes flood — always
Rising water, storm surge, and overflow of a body of water are excluded on every homeowners form. Only a flood policy pays.
- Wind-driven rain through a damaged roof is a homeowners claim
- Water rising from the street is a flood claim
- Sewer backup is an endorsement on homeowners
NFIP caps and ACV
$250K building, $100K contents, contents at ACV, no ALE. Above that, you're self-insured.
- Risk Rating 2.0 prices on elevation, distance to water, and rebuild cost
- 30-day wait unless at closing
Private flood
Admitted and E&S private flood now competes hard in Zone X and often beats NFIP with better terms.
- RCV contents, ALE, higher limits
- Faster effective date
- Lenders must accept private flood meeting federal criteria