Insurance and risk management is a complex area, and one that many people have never had a need to familiarize themselves with. You can even get a degree in insurance and risk management, so it’s not something that most people can just dive right into and keep up with the jargon. That’s fine, that’s what insurance agents and insurance companies are for, to help you through the flood of unfamiliar terms.
That’s actually a perfect example of what we’re about to discuss. The “flood” of unfamiliar terms. Guess what, that wouldn’t qualify as a flood under the insurance industry definition. So does renters insurance cover flood? For that matter, what is a flood in a renters insurance policy?