NATIONAL FLOOD INSURANCE PROGRAM

SUMMARY OF COVERAGE FOR GROUP FLOOD INSURANCE POLICYHOLDERS

You Have Been Issued a Flood Insurance Policy When you received disaster assistance for repairing or replacing your food damaged property, you also received a food insurance policy under the Group Flood Insurance Policy (GFIP). This brochure explains your Group Flood Insurance Policy.

The GFIP provides coverage for your building and contents. The amount of coverage you have can be found in the Group Flood Insurance Policy that you received in your welcome packet. If your property remains in a Special Flood Hazard Area (SFHA) after your policy expires, you must purchase your own food insurance policy. If you food again and aren’t covered by food insurance, you may not be eligible for certain federal disaster assistance. If you do not have a local insurance agent, you can visit FloodSmart.gov/food-insurance-provider or call NFIP Direct at 800-638-6620.

In this GFIP Summary of Coverage, you’ll learn about: • Defnition of a food

• Your policy

• What is covered

• What is not covered

• After a food

• Your deductible

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How Does the National Flood Insurance Program Defne a Flood? Your Group Flood Insurance Policy covers direct physical loss or damage caused by a food. The National Flood Insurance Program (NFIP) defnes a food as an excess of water on land that is normally dry, affecting two or more acres of land or two or more properties, one of which is your own. For example, a river that overfows into nearby streets and into your yard that damages your home is a direct result of fooding.

With your Group Flood Insurance Policy, you’ll be covered in the event of the following types of fooding:

Examples of fooding

1. Overfow: During a tropical storm or hurricane, storm surge can cause an overfow of inland or tidal waters.

2. Runoff: Heavy rainfall in a short period of time in an area without suffcient drainage.

3. Mudfow: Heavy or sustained rainfall can accumulate and form a river of liquid and fowing mud down a hillside.

4. Erosion: Along lakes or oceans, severe storms can produce waves and cause sudden shoreline erosion.

Information About Your Policy Please reference the Group Flood Insurance Policy for important information. Complete terms can be found in the Standard Flood Insurance Policy form, available at FloodSmart.gov/Standard-Policy. Your Group Flood Insurance Policy and the Standard Flood Insurance Policy make up your offcial contract of insurance.

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What Does My Flood Insurance Cover? The following table provides general guidance on items covered by food insurance, as well as the limited coverage available for areas below the lowest elevated foor of a post-FIRM (Flood Insurance Rate Map) building or in a basement.

What is the area below the lowest elevated foor of a post-FIRM building? These areas include crawlspaces under an elevated building, enclosed areas beneath buildings and buildings elevated on full-story foundation walls sometimes referred to as “walkout basements”. A post-FIRM building is a building for which construction or substantial improvement occurred after December 31, 1974, or on or after the effective date of an initial Flood Insurance Rate Map (FIRM), whichever is later.

What is a basement? Any area of the building including sunken rooms below ground on all sides.

Coverage tip: If you keep a couch, computer, and television in your basement, or in an enclosure under an elevated building, and it foods, your food insurance policy does not provide any coverage for those items.

Building Coverage Contents Coverage

What’s covered.

•The insured building and its foundation

•The electrical and plumbing systems

•Central air-conditioning equipment, furnaces, and water heaters

•Refrigerators, cooking stoves, and built-in appliances such as dishwashers

•Permanently installed carpeting over an unfnished foor

•Permanently installed paneling, wallboard, bookcases, and cabinets

•Window blinds

•Debris removal

•Foundation walls, anchorage systems, and staircases attached to the building

•Central air conditioner

•Cister ns and the water in them

•Electrical outlets, switches, and circuit-breaker boxes

•Fuel tanks and the fuel in them, solar energy equipment, and well water tanks and pumps

•Furnaces, water heaters, heat pumps, and sump pumps

The items noted above are also covered in a basement. Additionally, the following items are covered in basements only:

•Dr ywall for walls and ceilings

•Non-fammable insulation

•Personal belongings such as clothing, furniture, and electronic equipment

•Curtains

•P ortable and window air conditioners

•Portable microwave ovens and portable dishwashers

•Car pets not included in building coverage

•Clothes washers and dryers

•F ood freezers and the food in them

•Certain valuable items such as original artwork and furs (up to $2,500)

•Washers and dryers

•F ood freezers and the food in them (but not refrigerators)

•P ortable and window air conditioners

What’s covered in areas below the lowest

elevated foor.

What’s covered in areas above the lowest

elevated foor.

What’s covered in areas below the lowest

elevated foor.

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What Is Not Covered By My Flood Insurance? Refer to your Group Flood Insurance Policy for a full list of coverage limitations.

Examples of uncovered or excluded property • Damage caused by moisture, mildew, or mold that could have been

avoided by the property owner.

• Additional living expenses such as temporary housing.

• Most self-propelled vehicles such as cars, including their parts.

• Property and belongings outside of a building such as trees, plants, wells, septic systems, walks, decks, patios, fences, seawalls, hot tubs, and swimming pools.

• Financial losses caused by business interruption or loss of use of insured property.

• Any damage caused by any water fow beneath the earth’s surface.

• The cost of complying with any ordinance of law requiring or regulating the construction, demolition, remodeling, renovation, or repair of property, including removal of any resulting debris.

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After a Flood After a devastating food, food insurance can help you recover quickly.

If you experience a food while covered by a Group Flood Insurance Policy, here are important things to know if you experience a food loss:

Start a Claim

Report your loss immediately to your insurance agent or insurance company and ask them about an advance payment. Then, prepare for your food adjuster visit.

1. Provide receipts to verify that repairs were made following the prior food loss. 2. Separate damaged and undamaged property. 3. Take pictures of damaged property before disposing.

Understand Actual Cash Value

Your claim will likely be settled on an actual cash value (ACV) basis. The actual cash value is the cost to replace the damage at the time of the loss, accounting for any depreciation in quality due to age or condition.

Flood insurance policies differ from other insurance products. It is NOT a valued policy, meaning it does NOT pay the limit of liability in the event of a total loss. For example, if your home is destroyed by a fre and it costs $150,000 to rebuild it, and your homeowners insurance policy is a valued policy with a $200,000 limit on the building, you would receive $200,000. In contrast, food insurance pays ACV of actual damage, up to the policy limit.

Understanding Your Deductible • If you rent your property: You cannot fle a claim for damage to the

building, but you will be able to apply the total amount of coverage to food damaged personal property that you own.

Deductible: $200

• If you own the property and its contents: You will be able to split the total amount of GFIP coverage between the covered food-damaged building and the food-damaged personal property, or you can apply the total amount of coverage to either one or the other.

Deductible: $200 for building claim and $200 for personal property claim

• If you own the property but not its contents: You will be able to apply the total amount of coverage to the food-damaged building.

Deductible: $200

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For more information about the NFIP, call 800-427-4661 or visit FloodSmart.gov.

F-679 | October 2019