Generally, physical damage to your building or personal property that is "directly" caused by a flood is covered by your flood insurance policy. For example, damages caused by a sewer backup are covered if the backup is a direct result of flooding. However, if the backup is caused by some other problem, the damages are not covered.
What is insured under Building Property coverage?
- The insured building and it's foundation.
- The electrical and plumbing systems.
- Central air conditioning equipment, furnaces, and water heaters.
- Refrigerators, cooking stoves, and built-in appliances such as dishwashers.
- Permanently installed carpeting over an unfinished floor.
- Permanently installed paneling, wallboard, bookcases, and cabinets.
- Window blinds.
- Detached garages (up to 10 percent of Building Property Coverage). Detached buildings (other than garages) require a separate Building Property policy.
- Debris removal.
What is insured under Personal Property coverage?
- Personal belongings such as clothing, furniture, and electronic equipment.
- Curtains.
- Portable microwave ovens and portable dishwashers.
- Carpets not included in building coverage.
- Food freezers and the food in them.
- Clothes washers and dryers.
- Certain valuable items such as original artwork and furs (up to $2500)
What is not insured by either Building Property or Personal Property coverage?
- Damage caused by moisture, mildew, or mold that could have been avoided by the property owner.
- Currency, precious metals, and valuable papers such as stock certificates.
- Property and belongings outside of a building such as trees, plants, wells, septic systems, walks, decks, patios, fences, seawalls, hot tubs, and swimming pools.
- Living expenses such as temporary housing.
- Financial losses caused by business interruption or loss of use of insured property.
- Most self-propelled vehicles such as cars, including their parts.
As always, Podmaska Insurance Agency is ready and available to help you out in any way possible. If you don't have a Flood Policy, please don't hesitate. There's a 30 day waiting period before the policy is activated. Call us today!
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