In the last couple of weeks pretty much the entire state of Nebraska has been under water. Snowmelt coupled with heavy rainfall has caused creeks and rivers to overflow their banks and levies to break. Anyone affected by this natural disaster that does not have flood insurance, to coin a phrase, is in deep water. So if this had happened in Dayton, Ohio would you have coverage under any current type of insurance policy you own?
So What’s Covered By This Policy?
All the normal things you would hope such as flooring, window treatments, major appliances like refrigerators, washing machines, stoves, and freezers, drywall, and cabinets. Also covered are electrical systems, HVAC systems, and the cost of cleaning cisterns or fuel storage tanks and the contents of these storage units.
What’s NOT Covered?
Any water damages not a result of a flood. Things like piping breaks or bursting water tanks. If earth movement, such as a mud slide, causes the damage the damages are not covered. Living expenses incurred during the repair process is another thing not covered by flood insurance. Cars and other motorized vehicles are not covered.
Flood insurance is considered to be add-on coverage. It should be purchased in additionto regular homeowner’s insurance policies. And as with all insurance policies, with flood insurance there are different coverage limits and deductibles available.