Flood Facts

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Floods are the number one natural disaster in the United States. Flooding causes damage and destruction across regions nationwide wiping out homes and businesses. However, many residents and business owners are unaware that they qualify for flood insurance or that policies are more affordable than they may think. People need to know they can take steps to reduce the financial impact of flooding by purchasing flood insurance before a disaster strikes.

2016 is estimated to be a crazy year for weather and Hurricane season is almost upon us, starting June 1st. Make sure you have your flood insurance in place before it’s too late!

  • Just a few inches of water from a flood can cause tens of thousands of dollars in damage. From 2008 to 2012, the average residential flood claim amounted to more than $38,000. Flood insurance is the best way to protect yourself from devastating financial loss.
  • Flood insurance is available to homeowners, renters, condo owners/renters, and commercial owners/renters. Costs vary depending on how much insurance is purchased, what it covers and the property’s flood risk.
  • Typically, there’s a 30-day waiting period from date of purchase before your policy goes into effect. That means now is the best time to buy flood insurance.
  • Several areas of the country are at heightened risk for flooding due to heavy rains. This excessive amount of rainfall can happen throughout the year, putting property at risk. Cresting rivers, backed-up storm drains, and saturated ground all contribute to significant flooding.
  • Flooding can happen at any time. Create a family plan today to help minimize potential losses and ensure your family’s safety. Don’t forget to plan for your pets! Visit Floodsmart.gov/familyplan for ideas of what to include.

Preparing for a Flood

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Residents and business owners need to prepare in advance for flood conditions. Before the threat of flooding becomes imminent, residents and business owners should:

  • Purchase a flood insurance policy if they do not already have one.
  • Review their current insurance policy and become familiar with what is covered and ensure the limits adequately protect their building and personal belongings.
  • Make an emergency kit, plan evacuation routes, and keep important papers in a safe, waterproof place.
  • Itemize and take pictures of possessions.

For more information regarding a policy, please call your insurance agent.
You also can visit FloodSmart.gov, or call 1-800-427-2419 to find a local agent.

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