Although Ohio isn't known for major weather catastrophes, the surge of heavy rains over the past few years have caused way more flooding than we've ever seen. Even within our small county (Logan), several small villages have experienced epic and damaging flooding.
So it's important to know how our auto insurance and home insurance policies cover flooding. Let's start with the auto policy.
Auto Insurance and Flood Coverage
At its most basic, an auto insurance policy has two main parts.
- Liability coverage- covers bodily injury and property damage to OTHERS.
- Physical damage coverage- covers damage to YOUR vehicle.
So it makes sense that if we want to know if OUR vehicle is covered for flood, we'd look at the physical damage portion since that covers OUR vehicle. Physical damage coverage has two possible parts.
- Comprehensive coverage- covers fire, theft, vandalism, hitting an animal, falling objects, glass breakage.
- Collision coverage- overturn or upset, contact with an object other than an animal (guardrail, tree, other vehicle, etc.), most single vehicle accidents.
One ADDITIONAL coverage that comprehensive offers is flood. So, yes, you get flood coverage from comprehensive coverage (also called Other than Collision by some insurance companies). If your vehicle is caught in a flood and has damage and you have comprehensive on that vehicle, you'll have coverage for that damage. Comprehensive usually has a deductible, so the claim check would be written minus the deductible.
Home Insurance and Flood Coverage
There's really no easy way to say this, so here it goes: flood is a standard exclusion on Ohio homeowners policies with NO buy back available. There may be a handful of companies that offer a limited flood endorsement, but those are few and far between (see below for an example).
To get flood coverage for your home, you must buy a flood insurance policy. Period. Although we do not sell flood insurance at this time, you CAN contact the National Flood Insurance Program help center at 800-427-4661 for a referral in your area.
For additional resources regarding flood insurance, visit FEMA National Flood Insurance Program (including FAQ, definitions and how policies are rated).
Inland Flood coverage for your home
If you're interested in the limited flood coverage referenced above, we do have a company (Buckeye State Mutual) that offers such a product. It's called Inland Flood coverage. It's designed to work in conjunction with water backup coverage and provide coverage where the water backup does not.
The Inland Flood coverage covers typical flood damage, such as damage to a residence, personal property (including property in a basement), loss of use and debris removal (subject to property eligibility).You must have Water Backup coverage to have the Inland Flood endorsement, and the coverage limit and deductibles must match. For example, $10,000 for Water Backup and $10,000 for Inland Flood. Higher limits are available. Most Water Backup claims we've seen average $10,000 for payout.
Here’s how it would work: A creek behind a home overflows and water enters the basement through the windows. The sump pump can't handle the water, so the basement fills with water. Why doesn't water backup apply here? Because the reason the incident happened in the first place is the creek overflowing and that's excluded under water backup- this type of water is typically referred to as surface water runoff. Inland Flood would pay for clean up and repair or replacement of damage up to coverage limit and subject to deductible.
Please note there are eligibility requirements for Inland Flood (for example, in areas where a flood insurance policy is mandatory, Inland Flood is not available).
For more information about Water Backup vs. Flood, read our article detailing the differences.
Concerned you don't have the Ohio auto insurance or home insurance coverage you need? We can help! Call us or request your quote today! We'll review what you have and make sure you have what you need.