Everyone is in a Flood Zone – The Value of Flood Insurance

For the past few weeks, most of the media focus has been on the rising waters of the Mississippi and its tributaries and rightfully so.  Until all the extra water flowing into rivers reaches the mouth of the Mississippi, there are going to be flood events all along river banks. I can’t say that the flooding season is beginning because every season is a flood season. The winter snow melts are still occurring, spring rains will turn to summer rains and before long we will be in hurricane season—all causes of flooding to the various regions of our country. Flooding is going to happen! It can flood anywhere at any time.

If you’ve ever been told that your home is not in a flood zone (whether it be by an insurance agent, lenders, property owners, your realtor, etc.), then you’ve been told wrong.  Every structure in this country is in a flood zone and  is at risk for flood damage.  While  the severity of risk varies by zone and the structure may not be in a floodplain identifying it as in an area that has flooded or is susceptible to flooding, every property is definitely in a flood zone.  If you’ve been told your home is not in a flood zone, then it’s likely that your home is in the ‘500 yr floodplain’. 

We are all at risk for flood.  Flooding is the No. 1 natural disaster in this country.  You may not be required by a lender to carry flood insurance, but you are at risk.  Let’s find out your flood zone to see if you are in a high, moderate or low risk zone and then see what the insurance premium would be.  For a quick check, visit www.floodsmart.gov.

(This post has been brought to you by one of the Big ‘I’ disaster markets managers)

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