What is a "proof of loss?"

A proof of loss is the policyholder's valuation of claimed damages submitted in a sworn statement by the policyholder. It substantiates the insurance claim and must be submitted to the NFIP or WYO company within 60 days of the loss. A printed form is usually available from the adjuster assigned to the claim.

What if I have a loss before inception of the flood policy?

Referred to as a "loss in progress", it occurs when actual flood damage to a building or contents started prior to the inception of the policy.

Is a "loss in progress" covered?

No, the Standard Flood Insurance Policy does not cover damage caused by a loss in progress.

What is the maximum amount that can be collected for a loss under the NFIP policy?

The amount paid will never be more than the value of the covered loss, less deductible, up to the amounts of insurance purchased. The amount of insurance a property owner needs should be discussed with an insurance agent or broker.