What is Flood Damage (Property) | Insurance glossary by upcover

Flood damage is damage caused by water that overflows from rivers and other watercourses, flash floods, or other sources. Flood cover is now a standard, though often optional, part of property insurance in Australia. A standard legal definition of flood applies to home, strata, and small business policies, making wording more consistent.

Related Terms

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

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Related Term

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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