Flood Insurance

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Definition: Flood Insurance

Flood Insurance
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Full Definition of Flood Insurance

A form of insurance coverage that protects a homeowner, business owner, or renter against damages caused to property from flooding. Flood insurance is usually not included with regular insurance plans. If an individual wishes to be covered against flooding, he/she would have to request it and pay an additional fee for the coverage. In some areas (those prone to flooding), flood insurance is required by most mortgage lenders.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/flood-insurance/
Modern Language Association (MLA):
Flood Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/flood-insurance/.
Chicago Manual of Style (CMS):
Flood Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/flood-insurance/ (accessed: April 19, 2024).
American Psychological Association (APA):
Flood Insurance. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/flood-insurance/

Definition Sources

Definitions for Flood Insurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.