Building insurance covers the structure of the building and its foundation, as well as the electrical and plumbing system. It also covers heating, ventilation, and air conditioning elements, like central air conditioners and furnaces, and water heaters. Major appliances can be covered by building insurance: stoves, dishwashers, and refrigerators. Building insurance also covers flood-damaged permanent carpeting that is installed over unfinished flooring.
The second type of flood insurance available covers the contents of a building. This can be purchased by building owners and by renters.
This type of insurance covers personal belongings, such as clothing, electronics, window treatments, portable air conditioners, small appliances, clothing washers and dryers, and carpeting that is not already covered by building insurance.