Will Flood Insurance Cover a Pond Overflowing Its Banks and Flooding Your Home?

Is your home at risk of floods? A flood is very damaging to any property. It not only causes water damage within the home or but also damages the soil outside, putting the foundation at risk.  

Flood risks are high in some areas as a result of their proximity to nearby ponds, lakes, or rivers. For property owners with a pond on the property itself, flooding is a significant risk. Having flood insurance becomes critical in this situation. 

How Flood Insurance Works 
Most home insurance plans do not cover water damage from flooding. This includes damage from rainstorms or a pond overflowing its banks. To have this protection, you need a specific flood insurance plan. Flood insurance will usually pay for much of the damage floods cause to the home. It can also often cover the costs of replacing certain possessions and items within the home. 

Pond Damage and Flood Insurance 
Often, ponds overflow their banks as a result of a significant storm or weather event. When this happens, flood insurance usually steps in to cover any damage to your property. However, there are some limitations to this type of plan. For example, if the pond overflows as a result of poor maintenance, flood insurance may not cover damage. Flood insurance, like most other types of insurance, covers unexpected, accidental, and unpreventable losses. 

What You Should Do if You Have a Pond 
If you own a pond or there is one near to your property, invest in flood insurance. Speak to your agent about your specific need. Talk about the steps you take to maintain that pond. If you are unsure how to do so, it may be important for you to work with a local contractor to ensure the pond has the proper design and water flow. This can ensure it is not a specific risk to the home. In situations where the pond is not properly maintained, the cost of insuring your property will be much higher. 

Flood insurance can be one of the most valuable investments you have as a property owner. Talk to your property insurance agent about your need for this coverage if you own a pond or there is one nearby.