Flood In Progress

Term · Insurance and risk management · MLC-T-INS-000084

1. A flood that is in progress on the earlier of either:
• The date the community in which the insured property is located first experiences a flood as defined in this policy; or
• The date and time of an event initiating a flood that directly or indirectly affects areas downstream or in a floodway and ultimately results in the damage to the insured property. Events that may initiate such a flooding event include, but are not limited to, the following:
a. A spillway is opened;
b. A levee is breached;
c. Water is released from a dam; and
d. Water escapes from the banks of a waterway (stream, river, creek, etc).
• The applicability of this exclusion will be evaluated upon the assertion by a policyholder of the right to be paid for a loss under this policy.

2. A flood that is in progress on the earlier of either:
a. The date the community in which the insured property is located first experiences a flood as defined in this policy; or
b. The date and time of an event initiating a flood that directly or indirectly affects areas downstream or in a floodway and ultimately results in the damage to the insured property. Events that may initiate such a flooding event include, but are not limited to, the following:
i. A spillway is opened;
ii. A levee is breached;
iii. Water is released from a dam; and
iv. Water escapes from the banks of a waterway (stream, river, creek, etc).
c. The applicability of this exclusion will be evaluated upon the assertion by a policyholder of the right to be paid for a loss under this policy.

Table 1. Record
Identifier	MLC-T-INS-000084
Field	Insurance and risk management
Subject	National Flood Insurance Program
References	FloodSmart Flood Insurance Glossary; FEMA Glossary

Record as JSON

{
  "id": "MLC-T-INS-000084",
  "term": "Flood In Progress",
  "field": "Insurance and risk management",
  "definition": "1. A flood that is in progress on the earlier of either:\n• The date the community in which the insured property is located first experiences a flood as defined in this policy; or\n• The date and time of an event initiating a flood that directly or indirectly affects areas downstream or in a floodway and ultimately results in the damage to the insured property. Events that may initiate such a flooding event include, but are not limited to, the following:\na. A spillway is opened;\nb. A levee is breached;\nc. Water is released from a dam; and\nd. Water escapes from the banks of a waterway (stream, river, creek, etc).\n• The applicability of this exclusion will be evaluated upon the assertion by a policyholder of the right to be paid for a loss under this policy.\n\n2. A flood that is in progress on the earlier of either:\na. The date the community in which the insured property is located first experiences a flood as defined in this policy; or\nb. The date and time of an event initiating a flood that directly or indirectly affects areas downstream or in a floodway and ultimately results in the damage to the insured property. Events that may initiate such a flooding event include, but are not limited to, the following:\ni. A spillway is opened;\nii. A levee is breached;\niii. Water is released from a dam; and\niv. Water escapes from the banks of a waterway (stream, river, creek, etc).\nc. The applicability of this exclusion will be evaluated upon the assertion by a policyholder of the right to be paid for a loss under this policy.",
  "subject": "National Flood Insurance Program",
  "references": [
    "FloodSmart Flood Insurance Glossary",
    "FEMA Glossary"
  ],
  "url": "https://mlchart.com/terminology/insurance/flood-in-progress/"
}

Record 84 of 272 in Insurance and risk management terminology (MLC-0106). Request the full dataset.