Coverage B – Personal Property Flood Coverage for a Condominium under the NFIP.
Coverage B protects personal property inside and fully enclosed in an insured building. If you have personal property coverage, you’re insured against direct physical loss by or from a flood to personal property that is inside the fully enclosed insured building and is:
- Owned by the unit owners of the condominium association in common areas, meaning property in which each unit owner has an undivided ownership interest; or
- Owned solely by the condominium association and used exclusively in the conduct of business affairs of the condominium association.
- Coverage for personal property includes the following property:
- Air conditioning units—portable or window type;
- Carpet, not permanently installed, over unfinished flooring;
- Carpets over finished flooring;
- Clothes washers and dryers;
- “Cook-out” grills;
- Food freezers, other than walk-in, and the food in any freezer;
- Outdoor equipment and furniture stored inside the insured building;
- Ovens and the like; and
- Portable microwave ovens and portable dishwashers.
Coverage for items of property in a building enclosure below the lowest elevated floor of an elevated post-FIRM building located in Zones A1–A30, AE, AH, AR, AR/A, AR/AE, AR/AH, AR/A1–A30, V1–V30, or VE, or in a basement, regardless of the zone, is limited to the following items, if installed in their functioning locations and, if necessary for operation, connected to a power source:
- Air conditioning units—portable or window type;
- Clothes washers and dryers; and
- Food freezers, other than walk-in, and food in any freezer.
