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Question: 1 / 400

Your coverage excludes damages caused by floods. What does this mean?

You are covered under all circumstances

This risk is specifically named and not covered

When damages caused by floods are explicitly excluded from your coverage, it means that incidents resulting from floods are not covered under your policy. This exclusion is a specific term within your insurance agreement that clearly indicates the parameters of the coverage and identifies the risks that are not included. By naming floods as an excluded risk, the policy delineates the scope of what is and isn't protected, making it clear that any flood-related damage will not be compensated by the insurer.

This is critical for policyholders to understand because it highlights the limitations of their coverage and underscores the importance of reviewing policy exclusions to ensure they are adequately protected against potential losses associated with excluded perils like floods.

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You have a higher premium

This coverage is provided only as an optional add-on

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