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Originally Posted by BrudLee
Half of my basement is finished. The projected cost of replacing the carpet and two feet of drywall from the floor up (due to mold infestation from the water) is over $12,000, not including the stored items that were lost from water damage. So yeah, I called my agent. I agree that insurance companies won't tolerate getting nickel-and-dimed to death, but a flood of a finished area can cost a whole lot.
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Fair enough. I was just suggesting that, prior to calling in a claim, Gmanc assess the actual damage and be sure it wasn't a claim he could afford to pay on his own.
Also, if flooding is a problem, you may want to look into flood insurance (which, generally, is sold separately from your homeowners). It is an expensive coverage, but, if the basement flooding can cause you significant damage, it's a coverage you should look into.