Quote:
Originally Posted by onetwo_threefour
Most condo policies are effectively commercial which is the only kind where you can get flood coverage. Insurance broker friend of mine says that most condos will have it, but it will have very high deductible (think 25k-100k) depending on risk and some locations may be excluded from coverage altogether. The way to check is to look at the insurance certificate you should have received when you bought it and see if flood is listed as one of the insured perils, or call your condo mgmt co. and ask.
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I checked our building's insurance certificate and we're covered for floods with a $10,000 deductible. We weren't affected by this flood, but I'm happy we have the coverage just in case.