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e e . . e 2. WHAT DOES THE POLICY INSURE AGAINST? The policy only insures against the peril of flood, defined as a general and temporary condItion of partial or complete inundation of normally dry land areas from: a. the overflow of inland or tidal waters, b. the unusual and rapid accumulation or runoff of surface waters from any source, or c, mudslides (i.e., mudflows) which are proximately caused by flood, as defined above, The term "mudslide" is specifically defined in the policy contract and in the Federal Regulations, The definitIOn may differ from the common understanding of the term. Please refer to the policy contract itself for details. It is particularly important to distinguish mudslide as defined which is covered from landslide, which IS not covered. The collapse or subsidence of land along the shore of a lake or other body of water is a peril insured against to the extent that It is the result of erosion or undermining caused by waves or currents of water exceeding their cyclical level which result in flooding as defined above. o EROSION COVERAGE: The policy also provides benefits to pay for the demolition or relocation of insured buildings woich are subject to immment danger of collapse or subsidence as a result of erosion or undermining caused by a body of water which exceeds its anticipated cyclical levels. Coverage must have been in effect continuously for two years immediately preceding the date of loss or for the entire term of ownership to be eligible for this erosion coverage, The language in the Dwelling and General Property policies has not yet been modified to reflect this change, but the coverage will be provided if a claim is filed under the applicable conditions. 3. WHAT LOSSES WILL THE POLICY COVER? NOTE: The policy covers losses to insured property which are physical losses, meaning actual destruction of or damage to property evidenced by physical changes; Directly the result of contact with flood water; or Directly the result of sewer back-up, seepage, or hydrostatic pressure, when these conditions are proximately caused by surface flooding which, at the same time, damages insured property; or o Directly the result of freezing of flood waters which directly damages insured property. o o The policy also covers certain reasonable expenses, not to exceed $500, incurred to I protect insured property from flood damage, mcluding: o Labor of the named insured and members of the household (under the Dwelling Form only) and other reasonable expenses involved in the removal of the insured contents to a safe place away from toe danger of imminent flood and the return of the moved contents to the insured premises, October 1992 POL 3