While a hurricane making landfall in Florida is not uncommon, it is far from the only state that experiences flooding from a significant storm. Hurricane Florence caused as much as $30 billion in flood damage, but homeowners may not necessarily be reimbursed for damage caused to their homes. This is because standard homeowners policies do not cover flood damage. Instead, those who own a home must purchase a separate policy to cover flooding.

According to CoreLogic, about 85 percent of the cost of flood and wind damage caused by Florence will not be covered by insurance. Furthermore, it was estimated that only 10 percent of homes in North Carolina were protected in case damage was caused by flood water. Those who had flood insurance may still be liable for paying any deductible that came with the policy. Generally speaking, the deductible is a percentage of the home's market value when the storm hits.

The cost of purchasing a flood insurance policy varies depending on where a person lives. As of April 2017, the average cost for a policy was $878 per year, but prices could be higher in areas more likely to experience a flood. While homeowners policies won't coverage damage caused by floods, they may cover water damage done because other parts of the home were weakened by wind or hail.

If water gets into a home, it may be necessary to file a water damage claim with the owner's homeowners insurance company. In the event that a claim is denied, it may be possible to appeal. An attorney may help if a homeowner believes that a claim was denied in bad faith.

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