MLchartDataset catalogue

Flood exclusion

Term · Insurance and risk management · MLC-T-INS-001551

A standard provision in most property insurance policies, including homeowners and commercial forms, that explicitly denies coverage for damage caused by flood. This exclusion applies to rising water, surface water, storm surge, and overflow of inland or tidal waters. To obtain protection against flood damage, a separate flood insurance policy must be purchased.

Table 1. Record
IdentifierMLC-T-INS-001551
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-001551",
  "term": "Flood exclusion",
  "field": "Insurance and risk management",
  "definition": "A standard provision in most property insurance policies, including homeowners and commercial forms, that explicitly denies coverage for damage caused by flood. This exclusion applies to rising water, surface water, storm surge, and overflow of inland or tidal waters. To obtain protection against flood damage, a separate flood insurance policy must be purchased.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/flood-exclusion/"
}

Record 1,408 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.