What You Need to Know About Flood Insurance Today

Flooding comes from many sources. Many flood insurance claims come from damage caused by rising water due to:

  • Unusually heavy rain
  • City Water Pipe Burst
  • River Overflowing from Its Banks
  • New Land Development
  • Melting Snow
  • Levee Breach
  • Community Water Release
  • Water Runoff from Forest Fire Control

Flooding is defined as a general temporary condition of partial or complete inundation of two or more acres of normally dry land, or of two or more properties (one of which is yours) from overflow of inland or tidal waters, unusual and rapid accumulation, or runoff of surface waters from any source.

Even a little flood can cost a lot. FEMA estimates that the cost per 1,000 square feet of living space can be anywhere from $10,000 with an inch of water, to $40,000 for up to 48 inches of water. And that is per 1,000 square feet. If your entire home is flooded, you can see how much damage can occur.

So what can you do to be prepared for a flood?

  • Maintain your flood insurance policy (remember, most homeowners’ policies do not cover flood damage; you must get a separate policy)
  • Review your policy to become familiar with what is covered and to make sure your limits are adequate.
  • Itemize and photograph your possessions.
  • Save your insurance agent’s information in your phone.
  • Make an emergency kit and include a spare cellphone charging cord.
  • Keep important papers in a safe, watertight, portable container.
  • Plan an evacuation route.
  • Have a phone plan worked out with your family members.
  • Have a place to meet in case you get separated.
  • Have a plan for any pets, too.

If you have questions about your need for flood coverage, give us a call.

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