Flooding doesn’t have to be catastrophic to impact homeowners financially. Homeowners policies only cover water that is coming down, such as rain, BUT DO NOT COVER RISING WATER. Even a few inches of water in a dwelling can result in thousands of dollars in damages.
Floods are the number one disaster event in the United States and the risk of a flood is very real no matter where you live. In the past five years, all 50 states have experienced floods or flash floods. In high risk areas, there is at least a 1 in 4 chance of flooding during a 30-year mortgage. In moderate to low risk areas, the risk is reduced, but not completely removed.
Flood damage from hurricanes and tropical storms are not limited to coastal areas. These storms can cause widespread flooding damage hundreds of miles from the coast.
Hurricanes and tropical storms may be two of the most obvious causes of flood, but a flood is defined as any event in which water rises from any source. Floods can be caused by:
Outdated/clogged drainage systems
Rapid accumulation of rainfall
Construction and new development that disturbs natural drainage
Levees and floodwalls contribute to flood risk, as well. In the United States, 43% of the population lives in counties protected by levees. Twenty-two percent of the nation’s counties contain levees, and only half of them are in good shape.
For more information about Flood Insurance contact Alex at 940-382-4700 or email email@example.com