Flood Insurance: What is Covered

1/18/2022 (Permalink)

Have you ever been told that you should purchase flood insurance? If you live in a flood-prone area, the chances are you probably have, and you probably have questions. We’re here to answer them for you!

What Does Flood Insurance Cover?

There are two main types of flood insurance-- building coverage and contents coverage. Building coverage covers your electrical and plumbing systems, furnace, water heater, permanent appliances, permanent flooring, cabinets, walls, and most other things that are physically a part of the building you are insuring. 

Contents coverage covers personal belongings, such as furniture, clothing, curtains, removable appliances (such as washers, dryers, or microwaves), non-permanent flooring, and your valuables. 

What DOESN’T Flood Insurance Cover?

Luckily, flood insurance will cover most of your property and belongings, but there are some things that it won’t cover. For example, most flood insurance will not cover vehicles, temporary housing while your home is restored, valuables such as currency or precious metals, or personal property that you keep in your basement. 

Even when it comes to the items that are generally covered by flood insurance, your coverage may ultimately depend on the cause of the flood. For example, a backed-up sewer will not be covered by flood insurance unless the backup was a direct result of the flood.