Legal Guide to Recovering for Flood Losses

A Legal Guide to Recovering for Flood Losses is a first-of-its-kind compendium of strategies for recovery from flood damages. It explains the component parts of the standard water/flood exclusion in property policies and identifies potential remedies.It has four parts: * The First Section begins with an analysis of the componentsparts of the standard water/flood exclusion in propertypolicies. That is followed by a discussion of discrete clausesin property policies that provide limited coverage for floodlosses. * The Second Section explores coverage under private floodinsurance-both primary and excess-and under the FederalEmergency Management Agency Standard Flood InsurancePolicy (SFIP). Discussion of the SFIP examines in depth therequirements for proofs of loss as deficient or untimely proofsof loss is the most common reason policyholders are deniedcoverage. * The Third Section highlights when recovery may be obtainedunder other types of coverages: business interruption;builder's risk; equipment breakdown; commercial generalliability; Directors & Officers; and automobile insurance.For each type of insurance policy, the treatise explains thecoverage generally and then focuses on policy language thateither covers or excludes flood losses. * The Fourth and Final Section concerns recovery fromtortfeasors: insurance agents and brokers; landlords andtenants; governments; meteorologists and businessesproviding inaccurate information about flooding dangers orfailing to warn customers about known dangers.