Flood policies are issued through the Federal Government with National Flood Insurance Policy. The flood policies are sold through regular homeowners insurance agents and the Federal Government does not have brick and mortar stores to sell these policies. The insurance agents that sell these are all selling the same product and it is much more limited than a homeowners policy. It is not meant to bring the customer back whole, but to offer some coverage to avoid financial disaster. Here is a brief review of items that are covered and items that are not:
Personal Contents Property
- Personal belongings, such as clothing, furniture, and electronic equipment.
- Portable and window air-conditioners.
- Portable microwave ovens and portable dishwashers.
- Carpets that are not included in building coverage.
- Clothing washers and dryers.
- Food freezers and the food in them.
- Certain valuable items such as original artwork and furs (up to $2,500).
- The insured building and its foundation.
- 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 unfinished flooring.
- Permanently installed paneling, wallboard, bookcases, and cabinets.
- Window blinds.
- Detached garages (up to 10 percent of building property coverage; other than garages, detached buildings require a separate building property policy).
- Debris removal.
Flood Insurance for Basements and Areas below the Lowest Elevated Floor
Coverage is limited in basements regardless of zone or date of construction. It's also limited in areas below the lowest elevated floor, depending on the flood zone and date of construction. These areas include:
- Crawl spaces under an elevated building.
- Enclosed areas beneath buildings elevated on full-story foundation walls that are sometimes referred to as "walkout basements."
- Enclosed areas under other types of elevated buildings.
What's Not Covered
- 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 an insured 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 (see Section IV.5 in your policy).