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Music Room and Floods

I am in the process of buying a new house that will have a dedicated music room in a look out basement. This house is 14 years old and the basement is finished. the music room is 21x16. This is not in a flood area and has never had any water seepage or other issues. It has a sump pump if needed. I was surprised to find out that in the case of a flooded basement there is not much coverage for my audio system. Anyone have this issue, any ideas. I will get the sump pump checked, have a battery backup installed but would appreciate anyone elses thoughts or experience.
davt
raks
468 posts
 
Coverage from an Umbrella policy does not extend to underlying personal property coverage.

Choose your insurer wisely because the personal property coverage provided by Company A will oftentimes respond differently than the personal property coverage provided by Company B. Make certain that your insurance agent understands what your expectations are in the event of a lightning strike, a fire, flood, sewer backup, or theft. If you get evasive answers, ask the agent to point to the words in the Inclusions and Exclusions sections of the coverage agreement.
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davt's avatar
davt OP
505 posts
 
Thanks for the ideas. My insurance guy states that the maximum coverage for all things related to water seepage, etc. is $10,000, this includes repairs and personal property. My basement is only about 3 1/2 feet deep, the rest is above ground so risk is a bit less. I will have a sump backup installed as well as sewer deverter and will look for other coverage and be sure to read all of the fine print.
hifihvn
943 posts
 
If things go wrong in the neighborhood, it can happen on the first floor also.[http://www.youtube.com/watch?v=_xblfSuBRx8&feature=related]
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