flood coverage
Coverage for damage to property caused by flood. May be available by endorsement
to an all risks policy or to a difference-in-conditions policy. Normally, the
coverage provided is subject to a per occurrence sublimit, an annual aggregate
limit, and a separate deductible. Coverage may also be available from the National
Flood Insurance Program (NFIP).
See also: all risks coverage,
causes of loss forms,
commercial property policy,
difference-in-conditions
insurance, flood exclusion,
named perils coverage,
national flood insurance
program, property insurance.
Links for IRMI Online Subscribers Only:
CPI VII.D-VII.E;
PRMI 5.G