What does flood insurance cover? Flood insurance covers specific kinds of water damage to your home and belongings. The nation’s biggest flood insurance provider, the National Flood Insurance Program, or NFIP, defines flooding as “an excess of water on land that is normally dry.” [1] Floo...
Comprehensive car insurance doesn’t cover equipment that’s not permanently installed in your car, but your policy can cover water damage to your engine, transmission, and your car’s electrical systems. If your car’s engine was damaged by a flood and you can no longer drive it, the vehi...
A typical homeowners insurance policy doesn't cover the cost of repairing or replacing the burst pipe itself. Overall, as theAllstatewebsite explains, the source of water damage itself usuallyisn't covered. For instance, the same would apply if your dishwasher broke and turned your kitchen into...
Remember that flood risk can change, so update your policy as needed. Whether you opt for an NFIP policy or private flood insurance, it protects you against potential damage. Remember, homeowners’ insurance policies do not typically cover flooding damage, making it a vital separate purchase. ...
Car insurance is financial protection for you after an accident. It can pay for things like medical bills, property damage and expenses that you could be held financially responsible for after a car crash. If you cause an accident, your insurance policy would cover the property damage and medic...
It covers various things, but the main aspects of a renters insurance policy are personal property damage, personal liability, medical payments, and additional living expenses. What does renters insurance cover? While renters insurance covers a lot, it doesn’t cover everything. Read on to learn...
Customers often ask us if their travel insurance plan can cover losses related to strikes and severe storms. The answer is yes -- but details and dates matter. Here are answers to some common questions about severe storm and strike travel insurance cover
"All risks" refers to a type of insurance coverage that automatically covers any risk that the contract does not explicitly omit. For example, if an "all risk" homeowner's policy does not expressly exclude flood coverage, then the house will be covered in the event of flood damage. This t...
House firesare one of the most common causes of damage to homes, and almost every homeowners insurance policy protects structures and belongings against them. If a home is a total loss due to fire, most standard policies that cover fire also cover the cost of additional living expenses, such...
The 80% rule means that an insurer will only fully cover the cost of damage to a house if the owner has purchased insurance coverage equal to at least 80% of the house's total replacement value. If the coverage is for less than 80% of the replacement value, the insurance company will...