Spring is here, and flood insurance carriers typically see a bump in claims. Common questions arise about what is covered by flood and homeowners insurance.

Homeowners insurance coverage:

  • Is flood damage covered by a homeowner’s insurance policy? No. Water seepage from a home’s exterior is not covered by a basic homeowners policy. Your insurance company views this as a maintenance issue and expects you to waterproof your basement.
  • Is a burst pipe inside my home covered by my homeowner’s policy? Yes. Plumbing system discharge is a covered item.

Flood insurance coverage:

  • What does a flood insurance policy cover? A residential building policy insures against flood damage to a home, garage, as well as built in fixtures such as certain appliances, cabinetry, and shelving.
  • What is not covered by a flood insurance policy? Basement improvements such as finished walls, floors, ceilings, or personal property stored in a basement is not covered.
  • Is flood insurance available to cover personal property? Yes. A policy covers damage to furniture, electronics, clothing, non-built in appliances such as washer/dryer units, and other household items.
  • How much coverage is available? Homeowners can insure up to $250,000 for a building and up to $100,000 for contents in a home.
  • How much does flood insurance cost? On average flood insurance is about $370 per year, but premiums vary by area. If you live in a low risk flood area as determined by FEMA, coverage can be as low as $100 per year for both building and contents.

This article was originally published in the Lowell Sun and is for informational purposes only and not to be relied on as legal advice, in any manner.