Coppell, TX is a beautiful place to raise a family. Still, even with all the magnificence, there is the possibility of inclement weather that brings flooding and property damage. David King Insurance Services LLC can help you understand the details of flood insurance, so you select the right plan for your lifestyle.
What does flood insurance cover?
Flood insurance provided by the National Flood Insurance Program (NFIP) covers physical losses to your structure as well as damage and loss of your personal belongings. Items damaged or lost have to fall under the umbrella of a flood to qualify as a covered incident.
By definition, a flood is an excess of water on land in a place that is typically dry. The NFIP offers two types of coverage:
- Building Coverage;
- Contents Coverage.
What does building coverage cover?
Flood insurance under the “building” umbrella primarily pays for damages to the structure. Electrical and plumbing systems are included in building coverage. Furnaces and water heaters are also covered under this type of insurance.
Those with permanently installed carpeting can submit a claim for damages under the building coverage of their NFIP indemnity plan. Permanently installed carpeting is typically done by a professional and is usually attached to the floor by way of nails.
Carpeting that is not nailed to the floor does not qualify for protection under building coverage in Coppell, TX. Contents coverage may be the best option in such an instance.
What does contents coverage pay for?
Obtaining insurance for the contents of your home means that your personal belongings are covered in the instance of severe water damage. Carpeting not included in building coverage is typically eligible for payout under the “contents” section of your indemnity plan.
Contents coverage also pays for appliances as well as furniture and electronic devices lost in flood. You are likely to receive the value of your destroyed possessions up to your policy’s limits.
Speaking with an insurance specialist is the best way to get the most out of your flood insurance policy. Call the agents at David King Insurance Services LLC today to request a quote for coverage.