Mudslides due to heavy rain on hills or mountainsides.Some of the common causes of flood include: Collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood as defined aboveįloods can have a variety of causes, and floods can occur even in areas that don’t typically flood.Other earth movements such as landslide, slope failure, or a saturated soil mass moving by liquidity down a slope, are not mudflows.” Mudflow, which is defined as “A river of liquid and flowing mud on the surfaces of normally dry land areas, as when earth is carried by a current of water.Unusual and rapid accumulation or runoff of surface waters from any source.The NFIP has a technical definition of a flood, which is as follows:Ī general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is your property) from any of the following: What is the definition of a flood?Ī simple definition of a flood is an accumulation of water on normally dry land. You may be able to obtain flood coverage through private carriers. The licensed insurance carrier must follow all guidelines of the NFIP relating to all coverage, underwriting, premiums, and claims. The NFIP offers two types of coverage – building coverage and business property coverage – to protect your business structure and belongings. However, the policies fall within the jurisdiction of the National Flood Insurance Program.
You would need a commercial flood policy to protect your business against flooding.Ĭommercial flood policies are issued by the National Flood Insurance Program ( NFIP) either directly or through licensed insurance agents in the District of Columbia. While damage caused by some types of natural events-such as lightning or wind-will usually be covered by commercial property insurance, you need a special policy if you want protection from flood damage. Natural disasters can be devastating to businesses.
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