The Diocesan Master Insurance Program provides coverage for the perils of
flood and earthquake. Coverage is written on a catastrophic
basis only with policy limits of $50,000,000 for all Master Insurance Program losses.
Flood coverage for buildings and contents does not apply to
property located within the 100-year flood Plain as designated
by FEMA (Federal Emergency Management Agency). For property
located within the 100-year flood Plain or to reduce the deductible
on otherwise covered properties, specific coverage can be arranged
for additional premium through the Federal Government's National
Flood Insurance Program (N.F.I.P.).
TYPES OF INSURABLE PROPERTY UNDER N.F.I.P.
Almost every type of walled and roofed building that is principally
above ground and not entirely over water may be insured if it
is in a participating community. In most cases, this includes
manufactured (i.e. mobile) homes that are anchored to permanent
foundations, but this does not include travel trailers, buses,
or vans. Contents within insurable walled and roofed buildings
may also be insured.
TYPES OF PROPERTY NOT INSURABLE UNDER N.F.I.P.
Buildings over water or principally below ground, gas and liquid
storage tanks, wharfs, piers, bulkheads, shrubbery, land, machinery
and equipment in the open, and motor vehicles are not insurable
under this program. Most contents and finishing
materials located in a basement are also not covered.
If you perceive a risk of flooding to an insurable building
or otherwise elect to purchase insurance, or if a lender requires
you to purchase flood insurance as required by the Flood Disaster
Protections Act of 1973, please contact the Diocesan Property/Casualty