Floods are typically not covered by standard homeowners or commercial insurance policies, which is why many people choose to purchase additional flood insurance. However, it’s common to wonder exactly what flood insurance covers.

Does Flood Insurance Cover Basements?

Yes, flood insurance can cover a flooded basement. Generally, a basement is defined as any part of a house below ground level. However, flood insurance usually only covers damage to a basement caused directly by a flood.

It’s important to note that many insurance companies do not provide coverage for other events that can lead to basement flooding, such as a burst pipe or a clogged sump pump. Additionally, some policies require a declared flood to provide coverage and may exclude flooding caused by heavy rainfall unless a flood has been officially declared as such. To understand the specifics of your Columbia, MD, insurance policy, consult with a professional at HBW Insurance Group.

What Items Are Covered By Flood Insurance?

Flood insurance can help restore your home, but it only covers certain items. Most policies will cover repairs necessary to make the house livable, such as structural damage. They may also help replace essential household systems, such as a furnace or water heater.

Understanding Policy Exclusions

Flood insurance policies often come with specific exclusions. For example, most policies do not cover personal belongings or items that are not part of the house’s structure, such as carpeting. Additionally, mold remediation services are often excluded from coverage. It’s crucial to understand what your policy excludes, especially if you live in a flood-prone area.

At HBW Insurance Group, we prioritize transparency and ensure you understand the fine print of your policy. Our representatives are here to help you navigate your coverage options. Contact us today to learn more. We proudly serve the Columbia, MD, area.