Does the NFIP flood insurance offer any type of basement coverage?
Yes it does. The NFIP defines a basement as any area of a building with a floor that is below ground level on all sides. While flood insurance does not cover basement improvements (such as finished walls, floors, or ceilings), or personal belongings kept in a basement (such as furniture and other contents), it does cover structural elements and essential equipment. What is insured under Building Property coverage? • Foundation walls, anchorage systems, and staircases attached to the building. • Central air conditioners. • Cisterns and the water in them. • Drywall for walls and ceilings. • Nonflammable insulation. • Electrical outlets, switches, and circuit breaker boxes. • Fuel tanks and the fuel in them, solar energy equipment, well water tanks and pumps. • Furnaces, hot water heaters, heat pumps, and sump pumps. What is insured under Personal Property coverage? • Washers and dryers. • Food freezers and the food in them (but not refrigerators). • Portable and window air conditioners.
