Flood insurance

Flood insurance

Supplemental insurance which covers a home owner for any loss due to water damage from a flood. Often required by lenders for homes located in FEMA-designated flood zones.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
Product:
Acronym-Abbreviation:

Collect to Blossary

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Related terms

flood insurance

Real estate; General

Insurance that compensates for physical property damage resulting from flooding. It is required for properties located in federally designated flood areas.

flood insurance

Real estate; General

Supplemental insurance which covers a home owner for any loss due to water damage from a flood. Often required by lenders for homes located in FEMA-designated flood zones.

flood insurance

Banking; General banking

Flood insurance protects against water from an overflowing river or a hurricane's tidal surge and also covers damage from water that builds up during storms.

flood insurance

Banking; Personal banking

Insurance protection against damage caused by floods. For applicable parcels of real estate, lenders with a security interest in that real estate are required by law to either ...

flood insurance rate maps

Fire safety; Prevention & protection

Maps produced by the National Flood Insurance Program, under the auspices of the Federal Emergency Management Agency (FEMA), that illustrate geographic areas that are subject to ...

flood insurance study

Fire safety; Prevention & protection

An official report provided to a jurisdiction by the Federal Emergency Management Agency, which accompanies the flood insurance rate map and flood boundary and floodway map, and ...

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