Why Doesn’t Homeowners Insurance Cover Flooding?

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   David G. Pipes, CLU®, RICP®PRO

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   The most common type of homeowner’s policy is called, “all-risk.”  Within the policy, however, there are significant exclusions, flood and earthquake being the most important.  25% of the losses in the US are flood related.  The flood risk is so great a federal program was established to assist writing this coverage.  A broker or agent should be able to give you a quote.  Prices vary greatly depending upon the risk.  Some homes are more vulnerable than others.  

   Answered on February 28, 2014

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