Normally, home insurance policies do not cover flooding and it is important to get the additional coverage that you need to protect your home from a flood. Floods can occur as a result of hurricanes, tropical storms, heavy rains, a broken pipe or even a neighbors broken pipe. 

Congress created the NFIP, the National Flood Insurance Program, in 1968 to give homeowners the opportunity to protect themselves from floods. The NFIP is available to homeowners, renters, and business owners when their community participates in the NFIP. When a community participates it is then required to adopt and enforce the ordinances that meet or exceed FEMA requirements that will reduce the risk of flooding. Find out more about the NFIP to see if the program would be beneficial for your community.

Flood Insurance Coverage

Flood insurance will protect buildings and the contents within the buildings. Although flood insurance does not cover the land that the building occupies, it does cover the possessions within the building.

Building coverage includes

• The foundation of the building that is insured
• The electrical and plumbing system within the body
• The furnaces, water heaters and central air conditioning equipment within the building
• Built-in appliances, refrigerators and cooking stoves within the building
• The carpeting that has been installed over unfinished flooring

Contents coverage includes

• Clothing, furniture, and electronic equipment
• Clothing washers and dryers
• Curtains
• Carpeting that is not already included in property coverage
• Portable and window air conditioners
• Portable microwaves and dishwashers

When flood claims are made, insurance companies usually reimburse in one of two ways. Commonly flood insurance coverage will provide either Replacement Cost Value (RCV) or Actual Cash Value (ACV). RCV is more common than ACV. RCV provides the cost to replace damaged property. The value is reimbursable to owners of single-family, primary residences insured to within 80% of the buildings replacement cost. 

ACV is the RCV at the time of loss, minus the physical depreciation. The contents of the building are usually replaced at ACV. The personal property is almost always valued using ACV.

Our offices are conveniently located at:

5151 E Broadway Blvd Ste 100
Tucson, Arizona 85711

520-901-7010

Content provided by FloodSmart.gov

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