KNOW WHAT’S COVERED | Flood Insurance

The NFIP pays for direct physical loss by or from flood. For example, if a sewer backs up into a client’s home because of flooding, the damage is covered. If the backup has a different cause (such as tree roots around a line) it’s not covered by flood insurance. Refer to the NFIP policy for a complete explanation of coverages and exclusions.

Building coverage: In addition to the building and its foundation, building coverage pays for permanent items such as: plumbing and electrical systems; HVAC systems; water heaters; refrigerators, stoves and built-in dishwashers; permanently installed paneling, wallboard, bookcases and cabinets; and debris removal.

Some items that are often located in basements—such as a furnace, hot water heater and circuit breaker—are also covered by a structural policy. Other items that may be in a basement, such as a washer and dryer, are only covered through personal property coverage, as described below.

Personal property coverage: Clothing, furniture and electronic equipment are covered, but so are appliances that are not permanently installed, such as portable microwaves, dishwashers and air conditioners, as well as window air conditioners. Clothes washers and dryers are also considered personal property, as are food freezers and their contents.

It’s a good idea  to have an inventory of your home in case you need to make a claim. Learn more at knowyourstuff.org.

Need home insurance? Contact us today.