Too Late to Get Flood Insurance for Sandy - NBC4 Washington

Historic Storm Pounds East Coast

Too Late to Get Flood Insurance for Sandy

Homeowners insurance will cover rain or tree damage



    Liz Crenshaw reports on generator safety and homeowners insurance v. flood insurance. (Published Tuesday, Oct. 30, 2012)

    Flood damage will not be covered if you don't have a flood insurance policy, and it is too late to get it to cover Hurricane Sandy flooding.

    There is a 30-day waiting period after you have applied and paid the premium before the policy is in effect, FEMA said.  And the policy will not cover a loss in progress.

    Your homeowners insurance will cover damage to your house from rain or trees, but not flooding

    There is something new: A special deductible just for hurricane damage.  Unlike a standard homeowners insurance policy deductible, which is usually $ 500 or $1,000, hurricane deductibles are typically 1-5 percent of the insured value of your home, so you could be paying thousands of dollars before your hurricane coverage starts.