As we approach flood season, I thought it would be a good time to discuss the importance of flood insurance for homeowners.
The truth is, most homeowners don’t give much thought to flood insurance until they see Noah’s Ark floating past the kitchen window. That is the problem. Once the rains start, it’s already too late to think about it.
The most important piece of information I want you to take away from this is the Homeowners Insurance does not cover damage caused by flooding. That is correct. Your homeowners policy will pay nothing if your house or contents are damaged in a flood, as defined by the National Flood Insurance Program.
First, let’s define flooding. Without quoting the entire FEMA definition, we are basically talking about damage caused by surface water. This can include but is not limited to the overflow of rivers and streams or heavy rains.
Did you realize that there are 26 flood claims files for every one fire claim in the United States? That should give you some idea of the magnitude of flood damage in our country.
Just because your house is not located right next door to a river doesn’t mean you are safe. Even if you don’t live close to a river or creek, you may want to consider the risk from water and mud flowing down those elevated areas behind your house.
If El Nino is on its way, drains will back up, flat areas will become covered and any overflow could potentially run into your home.
Of utmost importance…It takes thirty days for a flood policy to go into effect….please do not wait until Wally the WeatherMan announce El Nino is here to get your coverage!
The moral of the story is, don’t wait ‘til the water is up around your ankles to get covered!