As with any policy there are limits of coverage.
The basic coverages can include:
- Personal Property Coverage- Cloths, Furniture, and other personal property. NOTE: a renter could purchase flood insurance for thier contents only. OR a Condo owner could purchase coverage for their property and extra coverage needs.
- Dwelling Coverage- Structure insurance for the building.
The National Flood program provides coverage for values up to:
- Personal Property Coverage limit: $100,000.00
- Dwelling Coverage limit: $250,000.00
If the desired coverage amount exceeds the values above, there is a need then for “excess” coverage. “Excess” flood coverage can traditionally be provided by insurance companies and NOT the National Flood Program.
For more information on the “Excess” flood coverage, please click here.
