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What does Post-FIRM mean?
FIRM stands for Flood Insurance Rate Map. Post-FIRM means built after the effective date of the initial Flood Insurance Rate Map for the community or December 31, 1974, whichever is later.
Does my NFIP Policy cover my additional living expenses when I cannot return home?
No, there is no coverage for Additional Living Expenses or Loss of Use or Business Interruption.
Does my NFIP Policy cover mold or mildew?
Damage from mold and/or mildew resulting from the after-effects of a flood is covered but each case is evaluated on an individual basis. Mold and/or mildew conditions that existed prior to a flooding event are not covered. After a flooding event, the policyholder is responsible for taking reasonable and appropriate mitigation actions to reduce and/or eliminate mold and/or mildew. Reasonable actions taken to mitigate mold and/or mildew are covered (for example, the use of responsible drying-out techniques or application of mildicide at a reasonable cost).
Does my NFIP Policy cover water backed up from the sewer?
Back up of water from sewers and drains are excluded, except when caused by a flood.
What is Increased Cost of Compliance, or ICC?
This coverage provides up to $30,000 to comply with the communitys floodplain management regulations when a building has been substantially damaged by flood and is in a designated floodplain.
Does my NFIP Policy cover landscaping or my deck?
No, there is no coverage for landscaping, trees, decks or outdoor furniture. Other exclusions are found in the Standard Flood Insurance Policy.
What is a Proof of Loss?
A Proof of Loss is a legal document that is your statement of the amount you are claiming under the policy. Under the NFIP policy, your Adjustor may prepare a proof of loss as a courtesy. However, you, the insured, are responsible for submitting either the Proof of Loss prepared by your Adjustor or, you may prepare your own. Generally, you must submit it to your insurance company within 60 days of when the damage occurred.
What do I do if I do not agree with my Adjustor?
You should work with your Adjustor as long as possible. Ask your Adjustor to work with your contractor if your disagreement involves the building claim. If you cannot agree with your Adjustor, ask for assistance from his supervisor. If you still cannot resolve your differences, contact your insurance company.
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Text by Federal Alliance for Safe Homes, Inc. (FLASH)
© 2005 Federal Alliance for Safe Homes, Inc.
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