Does the National Flood Insurance Policy provide coverage for basements?
The National Flood Insurance Program defines a basement as any area of a building with a floor that is below ground level on all sides. Basement coverage under a National Flood Insurance Policy includes clean-up expenses and repair or replacement of items used to service homes and buildings. These can include: elevators, furnaces, water heaters, air conditioners, utility connections, circuit breaker boxes, pumps and tanks used in solar energy systems. Flood insurance will not cover the contents of a finished basement and basement improvements such as finished walls, floors and ceilings.
