Flood insurance contents coverage helps protect your personal belongings inside an insured building, but it’s important to know that not everything is covered. In this video, we break down the common exclusions so you can avoid surprises during a flood claim.
Currency, precious metals, and valuable papers are not included in contents coverage. This means cash, gold, silver, stock certificates, and deeds are all excluded. If you have important documents or valuables, you may need separate protection.
Personal property in basements or below-ground areas is generally not covered either. Items like furniture, electronics, and clothing stored in basements or crawlspaces typically fall outside coverage. However, some items used to service the building, such as washers, dryers, and freezers, may still be protected.
Property outside the insured building is another common exclusion. Outdoor property, including trees, plants, landscaping, decks, fences, hot tubs, and swimming pools, are not covered under NFIP contents coverage.
Additional living expenses are not included. NFIP policies do not cover temporary housing costs, such as hotel stays or rental expenses, nor do they cover loss of use while your property is being repaired.
Understanding these exclusions is essential for homeowners and business owners looking to protect their property. At Flood Insurance Guru, we provide clear guidance on flood insurance policies and help you understand the limitations of your coverage. By knowing what is and isn’t covered, you can plan ahead and explore additional options to safeguard your most important belongings.
Most of these exclusions follow the guidelines established by FEMA and the National Flood Insurance Program, so reviewing your policy carefully is key. Watch this video to learn more and make informed decisions about your flood insurance coverage.