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Flood Insurance is typically not covered by your basic policies and requires a separate flood insurance policy. Flood is defined as the “overflow of inland or tidal waters, the rapid accumulation or runoff of surface waters, mudslides from flood, collapse of land along shoreline,” and must cover a minimum of two adjacent properties or two acres if occurring on one property.
Most flood policies are issued by the National Flood Insurance Program and premiums are based on one’s proximity to the flood exposures as defined by flood maps.
All policies contain limitations and exclusions. This description is general in scope and the specific policy language must be referred to in actual determination of coverage. Please consult your account advisor with questions.
Turner Barker Insurance is a subsidiary of Gorham Savings Bank.
Insurance products are offered through Turner Barker Insurance.
Product offerings and insurance sold are not deposit obligations of, nor
guaranteed by the Bank and are not covered by Federal Deposit Insurance.
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