One of the most common claims we have is water in the basement. Most homeowner policies limit “water back up and sump pump overflow” coverage. If you have a finished basement, you might not have enough coverage. We finished our basement a few years ago and turned it into a gym. Now, along with our washer and dryer, we have three pieces of expensive gym equipment. If we had water in our basement, basic coverage would not be enough. At my last renewal, I increased my coverage to $25,000 and the additional annual premium was $55. Well worth it for the piece of mind to know I am adequately covered. Be sure and check with us if this a concern for you.