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Insurance Definition: FLOOD INSURANCE

By Compuquotes Team on March 27th, 2008

FLOOD INSURANCE:

Definition:

  • Coverage for flood damage is available from the federal government under the National Flood Insurance Program but is sold by licensed insurance agents. Flood coverage is excluded under homeowners policies and many commercial property policies. However, flood damage is covered under the comprehensive portion of an auto insurance policy. (See Adverse selection)

Information provided by Insurance Information Institute

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