Flood Insurance Law and Legal Definition
Flood insurance denotes the specific insurance coverage against property loss water during storms or other natural flooding. Flood insurance coverage is mandatory when lenders make federally insured or guaranteed mortgages to home buyers purchasing property in designated flood hazard areas. The U.S. federal government requires that homes with mortgages in specific flood prone areas must carry flood insurance.
Legal Definition list
Related Legal Terms
- Accelerated Life Insurance Benefits
- Accident Insurance
- Accidental Death and Dismemberment [Insurance]
- Accommodation Line [Insurance]
- Accountants Professional Liability Insurance
- Accounts Receivable Insurance
- Actual Cash Value Insurance
- Actual Delivery of Insurance Policy
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
