Know Your Exclusions in Flood Insurance

Flood insurance is an essential form of protection from water damage caused by flooding, especially around Baton Rouge, LA. However, it’s critical to understand that not all types of water damage are covered. Being aware of the exceptions in your flood insurance policy can shield you from unnecessary extra spending and declined claims.

Common Exclusions in Flood Insurance

Standard flood insurance policies, whether secured through the National Flood Insurance Program (NFIP) or private insurers, usually have several common exclusions. One major exclusion is avoidable damage to the property caused by a lack of maintenance.

Another frequent exclusion is damage to property and belongings outside the insured building. This includes vehicles, landscaping, patios, and swimming pools. Also, any structures not attached to the main dwelling, such as sheds or detached garages, might not be covered unless they have a separate policy.

Limits on Coverage for Certain Items

Flood insurance policies often limit coverage for certain valuable items. For example, there might be caps on the amount reimbursed for artwork, jewelry, and important documents. If you own high-value items, it’s essential to consider purchasing additional coverage to ensure their full protection in the event of a flood.

Understanding Policy Details

It’s vitally important to read and understand the details of your flood insurance policy thoroughly. Exceptions can vary between different insurance providers and policies. Be sure to ask your insurance agent about any specific exclusions and limitations in your policy. Being aware of these details in advance can enable you to understand what additional steps to take to avoid coverage gaps.

Insurance & Financial Services Inc. Is There For You

Insurance & Financial Services Inc. is here for you when you need insurance information. Our services are available at the Baton Rouge, LA, locations and in the surrounding areas. Reach out today.