It should be noted that additional named insureds do not necessarily have all of the privileges and. obligations of the first named insured such as the obligation to pay premiums and the right to. cancel coverage and receive notice of cancellation.
Generally, physical damage to your building or personal property âdirectlyâ caused by a flood is covered by your. flood insurance policy. For example, damages caused by a sewer backup are covered if the backup is a direct result. of flooding.
The National Flood Insurance Program. This page provides an overview of the National Flood Insurance Program and shares additional information and links for property owners, claims adjusters, insurance professionals, lenders, surveyors and elected officials. The National Flood Insurance Program aims to reduce the impact of flooding on private and public structures.