What Kinds of Damage are not Covered by Flood Insurance?

Purchasing a Flood Insurance policy for your home is a wise move, but it is important to understand its limitations. A regular homeowner’s policy will not protect you against flooding, but a Flood Insurance policy has some limitations.

What is Covered

Everything that is truly considered essential to the home is covered.  This includes walls, carpets and window treatments. It also includes all your home systems including electrical, plumbing and central air. 

Fixtures such as cabinets are covered, but only the ones that are damaged. If only some are damaged, you may have to decide whether to purchase some out of your own pocket. 

Your detached garage is covered, but you can only use 10% of your total toward it. Clothing, furniture, and appliances are covered, as long as they are not stored in the basement. Some valuables, up to $2,500, will be covered.

What is Not Covered

If you have flood insurance, you will need to learn your eligibility requirements and exclusions. Those will be listed in the contract when you sign up for insurance at Jeff Hutchison Insurance Services in Proctorville, OH. A common exclusion is anything, including personal property or furniture, which is in a basement, walkout basement or crawl space. This includes bookcases, window treatments, carpets, and anything else that is there. There is an additional exclusion for any loss you incur because of earth movement.

Federal flood insurance also has a limit of $250,000 for the building and $100,000 for the contents, such as personal belongings within the home. That is a maximum limit, and you can purchase a smaller policy.     

Once you have made the decision to purchase flood insurance for your Proctorville, OH home, contact Jeff Hutchison Insurance Services for your free estimate.