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Most insurance policies provide coverage for damage to property caused by floodwater unless you chose to opt out of flood insurance cover. If flood cover is part of your insurance policy, your claim should be paid.
If flood cover is not part of your insurance policy, seek legal advice. If you wish to dispute the amount the insurer is paying you for your claim, seek legal advice.
The Insurance Contracts Act (“the Act”) sets out the ways in which insurers must behave. The main aspects of the Act relevant to water damage claims are explained below:
If an insurer has failed to clearly inform you that floodwater damage is excluded under your policy, section 35 of the Act will help you establish that the insurer should pay for flood damage. Section 35 of the Act requires the insurer to notify you, as the customer, of any deviations from the minimum cover provided under standard cover contracts. For more information, read the “What if my policy is confusing or I didn’t get a copy?” section of this guide.
Apart from the Insurance Contracts Act, insurers are subject to the General Insurance Code of Practice. This guide refers to the Code where it can assist you with your claim.