News from Detroit Free Press:

For many metro Detroit homeowners with water-soaked basements, the aftermath of this week’s flooding has been an unpleasant learning experience in the fine print of their insurance policies.

Not only is flood damage not covered by standard homeowners insurance policies, but most flood insurance doesn’t cover damage to objects in basements such TVs, computers, sofas and refrigerators.

Common federally backed flood insurance will extend to a basement’s foundation walls and drywall, as well as certain major appliances, including furnaces, air-conditioners, freezers and washers and dryers, according to FEMA guidelines that are posted online.

Flooring may be lost

Federal flood insurance also doesn’t cover damage to carpeting, wall paneling or floor tile in basements — regardless of how the water got in.

“So if you’ve got a finished basement and flood……….. continues on Detroit Free Press.

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