See also Modified Fire-Resistive Construction. A wall designed to contain or seal off fires in a building. Unfortunately, no one can make a building completely undamageable by fire. Flood A temporary submersion, partial or complete, of ordinarily dry land by water or mud. Floods are typically caused by an overflow of waters, whether inland, tidal or from any accumulated runoff from any source.
Flood is excluded under a typical homeowner insurance policy.
Flood Insurance Policies sold to cover property owners from losses caused by floods or flooding, usually offered in conjunction with a government flood insurance plan. The most common form of housing construction, frame buildings are made primarily of wood frames and joists. Replacement Cost coverage on homeowners insurance means that your home will be repaired to its value at the time of loss, reguardless of the amount of coverage carried. Homeowner Policy Combined property and liability insurance that covers homeowners and renters for damage to or theft of their property and liability, in case they are responsible for injury to another person. Increased Hazard Property insurance terms are tailored to the nature and use of the property as it exists when the policy is written.