|
But, flood insurance itself has a lot of it's own disclaimers. The flood waters have to rise high enough to enter through the doors. If my basement floods and that water rises to the first floor, I am not covered. If water comes in through the roof, I am not covered. Nothing in the basement is covered except the furnace, hot water heater and the foundation. It is also only covered if the flooded area is at least 2 acres or affects at least 4 properties. For this, I have been paying $1400 a year, in addition to my regular home owners insurance of $750. Everybody in my neighborhood hired a surveyor who discovered that, although some of our property is below flood level, our actual HOUSES are not. They are all several inches above the 100 year flood plain. We all had paperwork filled out and had our houses removed from the flood zone. The likelihood of our houses flooding per their requirements are extremely low. What might flood is the basement, but if the water doesn't come in on the first floor, they don't cover anything anyway.
|