![]() Property owners should know that not only is flood insurance separate from property (homeowners) insurance, but that standard policies may not cover personal items damaged by flooding. Policy exclusions describe coverage limits or how coverage can be purchased separately, if possible. Personal Property, which is purchased separately, covers furniture, portable kitchen appliances, food freezers, laundry equipment, and service vehicles such as tractors. Building Property covers the structure, electrical, plumbing, and heating and air conditioning systems. There are two types of flood insurance coverage: Building Property and Personal Property. According to , mortgage lenders can also require property owners in moderate to low-risk areas to purchase flood insurance. Residents of communities that participate in the National Flood Insurance Program (NFIP) are automatically eligible to buy flood insurance. Flood insurance is required for homes and buildings located in federally designated high risk areas with federally backed mortgages, referred to as Special Flood Hazard Areas (SFHAs). Property owners should know that floods are not covered by standard insurance policies and that separate flood insurance is available. Policyholders should look at the specifics of which property is covered and the type of damage that is covered. The first check is the most obvious: the actual coverage. Consumers should make themselves aware of possible changes in these areas and know what to look for while reviewing their policies. Insurers’ decisions and legislative changes have the biggest effect on changes in policies. Understanding the details of what specific policies cover and what the policyholder is responsible for after a disaster is important as both clients’ needs and insurance companies’ rules change. The drawings have been updated to provide additional clarity regarding base flood elevation levels and the landing location.Īttached is the link to FirstEnergy website to view the entire document: ĮATONTOWN, N.J. - September is National Preparedness Month, and the latter half of the year is an ideal time for people to review their insurance policies. Please review the documents below for detailed drawings of meter installation requirements and meter landings. The following is a revision to DCA Guidance on Electrical Meter Placement in a Designated Flood Zone.
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