Question

Can I buy flood insurance policy with building coverage on the following?

1. An apartment building
2. A septic tank
3. An open sided park pavilion
4. A motor home
5. A boat dock
6. A mobile home on foundation in a mobile home park
7. A flower garden

Answer 1

Flood insurance policies typically cover buildings and structures, but not gardens or incidental outdoor equipment. An apartment building, a mobile home on foundation, and potentially a septic tank associated with a residential property might be covered. Other items like an open-sided pavilion, motor home, boat dock, and flower garden are generally not covered under building property coverage.

Step-by-step explanation:

The question centers on the eligibility of various properties for obtaining a flood insurance policy that includes building coverage. It is essential to understand that flood insurance through the National Flood Insurance Program (NFIP) and private insurers may have different coverage stipulations.

• An apartment building can generally be insured under a residential condo building association policy (RCBAP) if it's eligible or a commercial policy for non-condominium residential buildings.
• A septic tank is typically considered part of a residential property, so it might be covered by a flood insurance policy that covers the main residence on the property.
• An open-sided park pavilion may not be eligible for flood insurance as it's not a fully enclosed building.
• A motor home, even if it is stationary, is generally considered a vehicle and would not be eligible for building coverage under a standard flood insurance policy.
• A boat dock is often excluded from flood insurance coverage as it is considered outside the scope of building property coverage.
• A mobile home on foundation in a mobile home park could be covered if it adheres to the anchorage requirements set out by the NFIP.
• A flower garden is not eligible for building coverage under a flood insurance policy as it does not constitute a building or structure.

It's also important to note that policy terms can differ by insurer and additional coverage may be available through endorsements. It is advisable to consult directly with an insurance provider or an insurance agent for specific coverage details and eligibility criteria related to flood insurance.