Flood Insurance

Flood insurance is available through North Shore Risk Management, who has partnered with Selective. In general, flood policies are overseen by the Federal Emergency Management Agency (FEMA). While it is a government program, independent insurance agents have the ability to secure policies through companies such as Selective.

In addition, North Shore Risk Management has access to private flood insurers – broadening the coverage and providing dwelling protection beyond FEMA’s $250,000 maximum limit.

30 Day Wait: When you purchase a flood insurance policy, it typically does not go into effect for 30 days. Normally, exceptions are made for a new home purchase.

Coverage Limits: Policy limits for flood insurance are mandated by the federal government. For residential home policies, the maximum dwelling limit is $250,000 and $100,000 for personal property.

Flooding Events

It’s important to understand the definition of a flood, which is much different than a burst pipe or water backing up through a sewer or drain. In general, a flood normally includes one of the following (but each claim is based on its own merits):

  • Overflow of tidal or inland waters
  • Mudflow – a river of mud typically occurring on dry land. Mudflows occur when a portion of the earth is carried by a current of water.
  • Flash floods and other unusual or rapid accumulation or runoff of surface waters from any source.

Common Exclusions

Flooding can also occur as a result of other events such as:

  • Earthquake
  • Landslide
  • Land subsidence
  • Sinkholes
  • Destabilization or movement of land due to water accumulation
  • Gradual erosion

Request a Quote

Consult with one of North Shore Risk Management’s professionals to make sure you have the proper coverage.