Coverage B – Personal Property Flood Coverage for Co-ops under the NFIP.
Coverage B protects personal property for a co-op, which includes:
- Furniture and fixtures, machinery and equipment, and other personal property owned by you and used in your business
- Stock as defined in Section II of your policy (merchandise held in storage or for sale, raw materials, and in-process or finished goods)
- Portable and window air conditioners
- Portable microwave ovens and portable dishwashers
- Carpets or rugs not included in building coverage
- Clothes washers and dryers
- Food freezers (other than walk-ins) and the food in any freezer
- Certain valuable items such as original artwork and furs (Limited to $2,500 in total)
- Non-licensed self-propelled vehicles if stored inside the insured building and used to service the described location (e.g., tractor) or designed to assist a person with a disability
- Up to 10 percent of contents coverage to improvements made to a building the insured occupies as a tenant
