A form of insurance designed to reimburse property owners from loss due to the defined peril of flood.
A form of insurance designed to reimburse property owners from loss due to the defined peril of flood.
Generally refers to (1) the amount of reduction in the value of an Insured’s property caused by an Insured peril; (2) the amount sought through an Insured’s claim; or (3) the amount paid on behalf of an Insured under an insurance contract.