Flood Zone D Coating Basement Concrete Walls With Joint Compound?

Coating basement concrete walls with joint compound? - flood zone d

I have a basement with walls of concrete blocks. They have been sealed and painted. I'd finished they look like, so my idea is that texture with joint compound. Technically, I live in a flood plain for the insurance does not cover basement finishing drywall. Any idea on the idea of dough attached or other recommendations would be great. I am also the installation of carpet tiles and a ceiling, if you have a better idea for them.

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