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flood insurance

American  

noun

  1. insurance covering loss or damage to property arising from a flood, flood tide, or the like.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Nigeria's Lagos state has taken out a $7.5 million flood insurance policy to cover millions of people, the Insurance Development Forum said Thursday, as the country's economic capital faces rising sea levels and floods linked to climate change.

From Barron's

The scheme is a form of parametric flood insurance, which pays out under certain conditions -- such as a specific amount of rainfall, captured via satellite image -- instead of at a certain level of damage, which can take time to assess.

From Barron's

A community’s flood risk changes over time, so the National Flood Insurance Program and the Federal Emergency Management Agency continuously update the flood maps across the country.

From Los Angeles Times

High-risk zones may require separate flood insurance.

From MarketWatch

He didn’t want to buy flood insurance from Goldman Sachs only to find, when the flood came, Goldman Sachs washed away and unable to pay him off.

From Literature