Flood Insurance Policy: Understand What’s Not Covered
Wednesday, 18 September 2024, 06:12
What Your Flood Insurance Policy Misses
Flood insurance is crucial for homeowners in flood-prone areas, yet many are unaware of significant exclusions within their policies. Here are five major areas that your flood insurance policy does not cover:
- Basement Contents: Damage to personal belongings in your basement may not be covered.
- Outside Structures: Garages, fences, and decks may lack coverage under standard policies.
- Land and Landscaping: Damages caused to land or landscaping are typically excluded.
- Flood Damage to Vehicles: Your flood insurance will not cover vehicles parked outside during a flood.
- Loss of Use Costs: If your home is deemed uninhabitable, expenses related to temporary housing may not be compensated.
Understanding these exclusions is vital for homeowners to protect themselves financially. For more information on flood insurance, consider consulting an expert.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.