THURSDAY, JANUARY 22, 2015
Flood policies do NOT cover finished basements. Some of the items covered by Flood policies: Drywall for walls and ceilings(not taped), cleanup, furnace, hot water heater, circuit breaker box(including electrical outlets and switches), deep freezer(not a fridge) and sump pumps. Carpeting, bedroom(s), bathroom, office, furniture and clothing located in a basement are simply NOT covered by flood policies.
Personal property located above basement, provided the flood policy includes contents, is calculated on an Actual Cash Value(ACV) Basis NOT Replacement Cost.
Unless a person qualifies for the Preferred Flood Plan(as these are package policies), Dwelling and Personal Property must be purchased separately. For more flood information please contact Flanigan Insurance Agency @ 314-727-6000.