What is covered by flood insurance, and how much does it cost?

By flymultimediaghana Mar11,2024
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Most homeowner policies cover water damage that comes from within the house, such as a burst pipe. This is particularly true if the damage isn’t the result of poor maintenance or an accident during renovations, but rather something the insurance refers to as “sudden and accidental.”

What is covered by flood insurance, and how much does it cost?
What is covered by flood insurance, and how much does it cost?

Several savings, an intuitive website, and customizable coverage are what make Nationwide Insurance stand out. Help rebuilding if necessary to comply with new building requirements is also included in a regular Nationwide house insurance policy.

Terms apply

It gets trickier when the source is outside the house since water that leaks in from the top, like a raindrop, might be covered. However, you would want flood insurance if that same rain caused a flood that submerged your basement two feet below the surface. Some insurance providers will upgrade your current homeowner’s policy to include flooding as a designated danger.

Structure coverage

  • The dwelling, encompassing the walls and base
    Plumbing and electrical systems
    The water heater, furnace, and central air conditioning
    Oven, refrigerator, and further connected appliances
    rugs
    bookcases, cabinets, and paneling that are permanently installed
    Independent garages

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