The National Flood Insurance Program Dwelling Policy: What's Covered and What's Not

As a homeowner or renter, you may be wondering what's included in the National Flood Insurance Program (NFIP) dwelling policy. This article will provide an overview of what is covered and what is not under this type of insurance.

Firstly, it's essential to understand that NFIP flood insurance policies are available to homeowners, renters, condo owners/renters, and commercial owners/renters who live in participating communities. The rates for these policies depend on various factors such as the date and type of construction of your home, along with its level of risk.

According to the NFIP, some items that are covered under their dwelling policy include:

* Living expenses such as temporary housing

* Property and belongings outside of an insured building, such as trees, plants, wells, septic systems, walks, decks, patios, fences, seawalls, hot tubs, and swimming pools

* Currency, precious metals, and valuable papers such as stock certificates

* Damage caused by moisture, mildew, or mold that could have been avoided by the property owner

* Permanently installed carpeting over unfinished flooring

On the other hand, some items that are not covered under an NFIP dwelling policy include:

* Carpeting that is not already included in property coverage

* Clothing, furniture, and electronic equipment

* Refrigerators, cooking stoves, and built-in appliances such as dishwashers

* Central air conditioning equipment, furnaces, and water heaters

* The insured building and its foundation

It's also important to note that flood damage is not typically covered by homeowners' insurance policies. Therefore, it's crucial for property owners to purchase a flood insurance policy to protect their investment from floods.

If you're interested in learning more about the National Flood Insurance Program or purchasing a flood insurance policy, contact your insurance agent or visit FloodSmart.gov or NFIP.gov. Remember that flood insurance rates do not differ from company to company or agent to agent, and it's essential to purchase a policy even if you haven't experienced a flood in the past.

In conclusion, understanding what's covered and what's not under an NFIP dwelling policy is crucial for property owners who want to protect their investment from floods. By knowing what is included in this type of insurance, you can make informed decisions about your coverage and ensure that you're adequately protected against flood damage.

National flood insurance program dwelling policy