Insurance Flood Risk Notice

INSURANCE FLOOD RISK NOTICE

This Flood Risk Notice provides important information concerning the insured property’s exposure to flood hazards and the scope of flood coverage under the referenced policy. Receipt of this notice does not amend the policy; coverage is governed by the policy terms, conditions, limits and exclusions. The insured must read and retain this notice for their records.

Insured / Applicant Information

Policy Details

Flood Coverage Status and Assessment

This property’s current flood coverage status under the policy is:

Flood Hazard Zone Classification (if determined):    Base Flood Elevation (if available):

Elevation Certificate on File: Yes No

Coverage Options and Election

Indicate the flood coverages elected or referenced in the policy (check all that apply):

Waiting Period and Effective Time: Flood loss coverage under this policy may be subject to a waiting period and specific effective time; please refer to the policy declarations for exact effective date and any endorsement language that governs the effective time for flood coverage.

Exclusions and Limitations

Flood coverage under the policy is subject to exclusions, limitations and conditions. Typical exclusions include, without limitation:

1. Losses resulting from earth movement, landslide or sinkhole unless directly caused by flood where the policy provides coverage for such events;
2. Losses arising from sewer or drain backup not specifically endorsed for flood coverage;
3. Losses caused by neglect, intentional acts, or failure to take reasonable mitigation steps after notice of impending flood;
4. Losses caused by war, nuclear hazard, or governmental action;
5. Any reduction of payment due to applicable limits, sublimits, aggregate limits, or prior payments under the policy.

The insurer’s obligations are further limited by the policy’s terms, conditions, endorsements, and any applicable statutory provisions. Any conflict between this notice and the policy language shall be resolved by reference to the policy.

Claims Reporting and Documentation

In the event of a flood loss, the insured must notify the insurer promptly. Provide the following initial claim information:

Documentation Checklist (provide as available):

Beneficiary / Loss Payee

If claim proceeds are to be payable to a third party (mortgagee, loss payee, or designated beneficiary), provide details below. The insurer may issue payment to the insured and recorded lienholder in accordance with the policy provisions and applicable law.

Applicant Acknowledgment and Certification

By signing below, the applicant acknowledges receipt of this Flood Risk Notice and certifies that the information provided herein is true and correct to the best of the applicant’s knowledge. The applicant understands that coverage, limits, waiting periods and exclusions are set forth in the insurance policy and any endorsements. The applicant further acknowledges that failure to disclose material information or falsification of claim information may result in denial of coverage or cancellation of the policy and may subject the applicant to civil or criminal penalties under applicable law.

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