Standard homeowners policies generally cover water damage from sources inside the home – like a burst pipe. But those policies typically exclude damage from water sources outside the home – like overflowing streams inundating a basement. That’s where flood insurance can help.
Choose total water coverage
Floods, or any extreme weather event, can happen anywhere, whether you live in an ocean front property, near a lake or river, or somewhere inland. Though not always top of mind, it is important to understand that the risk of flood damage is real.
Get up to $15 million in total property coverage for your home and contents.*
Up to $7,500 for a temporary residence, meals, and other expenses if you can’t live in your home during repairs.
For your basement we will automatically cover possessions like televisions, pool tables and exercise equipment, up to $15,000.
Reimbursement for up to $5,000 to safely move your valuable belongings or safeguard your home in a flood warning area.
*This exceeds the $250,000 limit for homes and $100,000 limit for contents offered by the National Flood Insurance Program.
Even if your clients don’t live near water, protecting their home from unexpected flooding is important. A homeowner’s policy isn’t enough, which is why we provide the added protection they need with a separate flood policy.
**FEMA Estimated Flood Loss Potential
***National Insurance Commissioners Association. "Flood Insurance Basics"
† Chubb Personal Risk Services Flood Claims since 2014
Our broad coverage includes flood, mudslides, sewer backup, and underground water, with limits as high as $15 million for home and contents, with more for basements.
We’ll reimburse your clients for up to $5,000 to safely move your valuable belongings out of a flood warning area, or to safeguard their home from an imminent flood.
In 98% of all Chubb claims, our Claims Adjusters make contact within six hours or less of the initial report. They have the authority to pay claims but can’t deny a claim without a manager’s approval.
A full 96% of Chubb clients who have had a claim paid are highly satisfied with their experience. That’s because we do more -- like paying up to $7,500 for a place to stay while renovations are happening.