Flood Insurance
Posted: 19 July, 2023
What is Flood Insurance?
Flood insurance is generally purchased separately from your homeowner and renter insurance policy. Flood insurance may cover losses from water damage related to flooding. If you live in a higher-risk flood zone, you may want to purchase flood insurance from the National Flood Insurance Program (NFIP) or from a private flood insurer. A standard flood insurance policy will generally offer coverage worth $250,000 for building coverage and $100,000 for content coverage.
What does my policy cover?
Purchasing flood insurance, it will help protect the things you value.
Here are some examples of what flood insurance will cover.
Building:
- Electrical and plumbing systems.
- Furnaces and water heaters.
- Refrigerators, cooking stoves, and built-in appliances like dishwashers.
- Permanently installed carpeting.
- Permanently installed cabinets, paneling, and bookcases.
- Window blinds.
- Foundation walls, anchorage systems, and staircases.
- Detached garages.
- Fuel tanks, well water tanks and pumps, and solar energy equipment.
- Personal belongings such as clothing, furniture, and electronic equipment.
- Curtains.
- Washer and dryer.
- Portable and window air conditioners.
- Microwave oven.
- Carpets not included in building coverage (e.g., carpet installed over wood floors).
- Valuable items such as original artwork and furs (up to $2,500).
- Damage from sewer line backups or to your sump-pump.
- Motor vehicles (car, ATV, motorcycles, watercraft, etc.)
- Floodwater damage leading to mold and termites.
- Financial losses you might suffer from not being able to conduct your home-based business.
- Stock certificates.
- Cash and jewelry up to specified limits.
- Swimming pools, outdoor hot tubs, and patios.
- Landscaping.
Written by: Premium Emilan