Subject to a reasonable and limited number of exclusions, this clearly covers damage by flooding. An insured who knows that flood damage is basically excluded under the homeowners policy may not be aware that the scheduled items are covered. That information will be well received. Scheduled items may include fine art objects such as paintings and oriental rugs. The latter, of high value and placed on a first-floor level, are especially vulnerable to substantial flooding loss.
Antique furniture is in the same category.
Jewelry, furs, stamp collections, and silverware are among the kinds of personal property most frequently scheduled. Various types of commercial inland marine insurance include coverage for the flood peril. They are important for certain insureds regardless of whether the geographic areas in which they operate have been certified under the National Flood Insurance Program. Examples of such coverages, which generally include flood protection, are contractors equipment floaters, livestock floaters, and transportation policies. When a homeowner suffers an uninsured flood loss, agents, brokers, and adjusters can help by advising that deductions for such damage may be claimed on federal tax returns.