Flood Insurance: Discover What's Covered and What Isn't

Article Posted by Expert Author: Carly Jorge  on 06/04/2013

home owners insurance does not cover mold, a preventable problemFlood coverage is an important part of homeowners insurance, but it's important to know what it won't cover. First of all, it won't cover anything that you, the homeowner, were able to prevent. For example, this might include mildew, moisture or mold – all of which can be prevented by proper insulation and keeping on top of home repairs. All of these issues happen over time and not all at once, so it's important to stay on top of them or deal with costly repairs that won't be covered by your insurance.

If you run a business from a home, then interruption to the business as a result of the flood will not be covered. If you have possessions stored outside of your home then they won't be covered by flood insurance. Most vehicles are also exempt from flood home owners insurance coverage, as are the loss of essential papers, cash, and precious metals. Any costs you incur as a result of having to leave your residence will also not be covered by flood insurance, though other portions of your homeowners coverage may cover these costs. Be sure to carefully read your policy so that you know exactly what you'll be covered for in the event of a flood.


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