Flooding can happen when you least expect it, and it’s not always as simple as mopping up the mess. Protecting your home or business from flood damage is crucial, but what does flood insurance cover?
Knowing the specifics can make all the difference when disaster strikes. Let's break down the essentials of the National Flood Insurance Program (NFIP) and how it can help you recover from the unexpected.
Spoiler alert: Not everything is covered—but what can be a real lifesaver?
Building Coverage: Protecting the Structure
The NFIP is designed to cover your property's main structure, including your foundation, electrical systems, plumbing, and even the central air conditioning unit. Whether it's your home or a commercial building, this coverage ensures you won’t have to rebuild from scratch.
But before you start feeling too secure, it’s important to note that detached structures, like sheds or garages, aren’t always covered unless you’ve added them to your policy.
Contents Coverage: What’s Inside Matters, Too
Your furniture, electronics, and clothing—the stuff that makes your house a home—can also be protected under the NFIP. However, there’s a catch: personal property coverage is usually limited.
You may want to explore additional insurance options if you own precious items like high-end electronics or rare antiques. And if you're thinking about flooding your basement (don’t worry, we know you wouldn’t), keep in mind that coverage for basement contents is limited to items like washing machines and freezers.
Not Covered: Where the Gaps Lie
While NFIP offers robust coverage, it’s not perfect. For instance, temporary housing and vehicle damage expenses are generally not included. Commercial claims may not cover financial losses from business interruptions if you're a business owner.
Working with a public adjuster can help maximize your insurance claims. Whether you're recovering from property damage or need insurance loss recovery for your business, knowing these gaps can save you from surprises.
Commercial Flood Coverages NYC
Flooding is unpredictable, but your protection shouldn’t be. Getting the right insurance coverage is critical whether you’re a homeowner or a business owner.
If you’re unsure of your policy details or need help with insurance claims, the experts at Affiliated Adjustment Group are here to assist. Their team of public adjusters can help ensure that your insurance claims are handled effectively so you can focus on recovering from the flooding or property damage.
Let AAG handle the tough stuff so you don’t have to.
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