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 Posted: Fri May 08, 2009 4:00 pm Post subject: exclusions under Flood Insurance coverage |
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| What are the exclusions under Flood Insurance coverage? |
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anilyps
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Joined: 04 May 2009
Posts: 22
11.62 Dollars($)
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| Posted: Sat May 09, 2009 6:48 am Post subject: |
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| Hi Anil, since standard homeowners insurance wouldn't cover damages caused by flood, homeowners are required to buy flood insurance separately. Flood insurance though cover the personal belongings would normally exclude coverage to landscape and outdoor items. |
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jeorge
Senior member
Joined: 07 Oct 2005
Posts: 808
132.58 Dollars($)
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| Posted: Sat May 09, 2009 7:08 am Post subject: |
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Here is the list of excluded items under the flood insurance,
- Flood insurance wouldn't cover loss of cash, jewellery and certificates/testimonials.
- Damages caused by mold or moisture. The policy holder is responsible for taking care of issues arising after the flood water is removed from the property.
- No coverage is available for landscape and outdoor properties like- swimming pool, trees, patios and the like (as Jeorge has mentioned already)
- Losses suffered by business and additional living expenses are also not covered under the flood insurance.
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JeremyHolter
Senior member
Joined: 06 Jun 2007
Posts: 1194
210.30 Dollars($)
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| Posted: Sat May 09, 2009 2:17 pm Post subject: |
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| Quote: | | The policy holder is responsible for taking care of issues arising after the flood water is removed from the property. |
Jeremy, is there any specification regarding the duration till which it would be covered?
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anonymous00
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