It is Springtime and mountain snow is beginning to melt. Early rains are starting as April makes way for May and June and growing flowers. So, why do I need to think about flood insurance if it does not flood in my area?
According to the National Oceanic and Atmospheric Administration more than 75% of flash flooding happens between late April and early September. When water backs up and overflows it generally goes where it does not belong and causes damage to homes and the local economy.
Here are four (4) key things you need to know about flood insurance.
1. Homeowners insurance and flood insurance are not the same. Homeowners insurance covers water damage from sinks and bathtubs overflowing but will not cover damage from flooding. Flood insurance covers damage incurred following a natural water disaster like excessive rain or hurricane.
2. People who live in flood plains are the only ones who need flood insurance. Swollen rivers and streams are not mindful of flood plains. Three inches of water above the foundation line of your house is sufficient to cause damage to baseboards and drywall.
3. There are preventive measures you can take to mitigate the effects of flooding in your house. Install a sump pump along with battery backup, improve drainage around your house by cleaning leaves from gutters and downspouts. Installing water sensors to alert you to water or leaks within you house can reduce damage.
4. Some insurance companies offer to reimburse homeowners up to $10,000 for materials such as sandbags and the sand to fill them, for temporary levees, pumps or plastic sheeting and lumber.
BOTTOM LINE: Never underestimate the risk of flooding and be aware of the significant amount of damage that flooding can cause in your area. Make sure you are protected with the right kind of insurance.
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