No. of Recommendations: 0
My understanding is that flood insurance doesn't cover basements.

Probably depends on the level of insurance you pay for. I know this is the case for raised homes over garages, anyway. You can chose to pay for insurance on just the upstairs contents, or the contents on the lower level as well. I suspect the structure is covered either way.

It's a moot point. They were out of the flood plain and did not have insurance.

going by what she's been told, never having obtained flood insurance personally, though not for lack of trying
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.