Floods Happen in All 50 States
Those of us who live in coastal states like Louisiana and Texas, tend to think that flood insurance is a problem faced by those in coastal areas. And certainly, we’ve had our shares of tropical storms, hurricanes, and flood damage in the last few years. However, flood happen in every state of the US. In fact, the Red Cross states that 90% of storm damages are caused by floods!
Here are some facts from the National Flood Insurance Program:
Floods and flash floods happen in all 50 states.
- Hurricanes, winter storms and snow melt are common (but often over looked) causes of flooding.
- Basic homeowners insurance usually does not cover flood damage.
- Federal disaster assistance offers loans to help cover flood damage, not to compensate you for losses. Even then, those loans are only available if the President formally declares a disaster.
- Less than 10% of all weather-related emergencies in the United States are declared federal disaster areas.
Your homeowners insurance policy probably does not include flood damage. If you live in a flood prone area, you almost certainly DO NOT have flood coverage in your normal homeowners policy!
Furthermore, it takes 30 days for flood insurance coverage to take affect, so you do want to seek coverage before the waters rise.
Be sure and consult with a home insurance agent, or find the best flood and homeowners insurance policies: Best Homeowners Insurance Online Quote Form.
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