The NFIP definition; A flood is a general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow. Many conditions can result in a flood: hurricanes, overtopped levees, outdated or clogged drainage systems and rapid accumulation of rainfall. With NatGen Beyond Floods the definition of flood is a broader definition giving more coverage.
Times are changing. A flood insurance policy since about 1968 was a government funded policy giving property owners the bare minimum coverage needed to recover from flood events. Limited replacement cost coverage for homes and actual cash value for personal property that may have been damaged. With limits of coverage maxing out at $250K for building and $100K on contents for a single family dwelling. Today we can offer so much more.