15 Fascinating Things You Need to Know About Your Insurance

Flood damage may not be covered by insurance

The historic flooding of Houston after Hurricane Harvey has heightened public awareness of the limitations of homeowners insurance. While most people now seem to realize that homeowners coverage won’t pay for flood damage, it wasn’t always that way. More than 40 percent of those surveyed by the Insurance Information Institute for its 2016 Consumer Insurance Survey, thought heavy rain flooding was a covered event. There are separate flood insurance policies to cover this type of damage.

People may also not realize that basic car insurance won’t cover water damage. Comprehensive coverage generally will pay for damage caused by flooding, but if you leave your windows open or have leaks associated with poor maintenance, you’re out of luck.