First welcome to the club and AV ownership... Yep... It's not a factory seal, pervious owner must have added it.. That panel can be adjusted tighter to help make a better seal..
Look here for more info.. I also always recommend this manual/cd that is always on ebay, it's the factory manual for service techs to diagnose water issues, it gives you a good understanding of how it all works .. This guy wants to much $$ for it at this time but if you watch it they come down in price.. It picked it up years ago for $15.00 bucks
Good luck..
Sperry Tech Center link..
Water Management System: Cargo Area.. (1) Top Drain Grate (Right) (2) Side Rail Channel and Catch Cups (Right) (3) Rear Drain (Right) (4) Front Drain (Right) (5) Cargo Floor Mat (6) Front Drain (Left) (7) Cargo Floor (8} Rear Drain (Left) (9) Water Drainage Area (Both Sides...
www.chevyavalanchefanclub.com
Manual link...
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