Flood Risk: Even Low-to-Moderate Zones Aren’t Safe

by | May 10, 2023 | Flood Insurance | 0 comments

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Summary

Flood insurance is very important for homeowner's to obtain, and contrary to popular belief, you don't have to live in a high-risk area to be vulnerable to flood damage. Flood damage is a prevalent issue that can affect homeowners, even those who live in areas with low-to-moderate flood risk

When it comes to natural disasters, floods are the number one threat in the United States. And contrary to popular belief, you don’t have to live in a high-risk area to be vulnerable to flood damage. Flood damage is a prevalent issue that can affect homeowners, even those who live in areas with low-to-moderate flood risk. According to the Federal Emergency Management Agency (FEMA), about 25 percent of all flood insurance claims come from areas with such risk. This statistic highlights the importance of understanding the potential risks and considering flood insurance.

Understanding Flood Zones

Before we dive into the details, it’s important to understand what a flood zone is. A flood zone is a designated area with a greater likelihood of flooding than other areas. These areas are determined by FEMA through several factors, such as topography, rainfall, and proximity to bodies of water. There are several different types of flood zones, including high-risk zones (also known as Special Flood Hazard Areas), moderate-to-low-risk zones, and undetermined risk zones.  It’s important to recognize that floods can happen anywhere and every area has some level of risk for flooding. Living in a moderate-to-low-risk flood zone doesn’t necessarily mean you’re safe from flood damage. According to FEMA, around 25 percent of all flood insurance claims are from such areas. Even if flood insurance isn’t mandatory where you live, it’s still worth considering to protect yourself against the unexpected.

The Risks of Flood Damage

Flood damage can be devastating, and it’s not just the cost of repairs that you need to worry about. Floods can damage your home’s foundation, electrical system, and HVAC system, as well as your personal belongings like furniture, electronics, and clothing. Additionally, flood damage can lead to mold growth, which can cause respiratory issues and other health problems.  Flood insurance can provide you with the protection you need to recover from these damages. However, it’s important to note that flood damage is typically not covered under your standard homeowner’s insurance policy. This means that if you don’t have flood insurance, you will likely be responsible for covering the cost of repairs out of pocket.

Why You Need Flood Insurance

  1. Flood damage is more common than you think: As we mentioned earlier, floods are the most common natural disaster in the US. Despite not living in an official flood zone, your property could still be susceptible to flood damage.
  2. Homeowner’s insurance won’t cover flood damage: Your standard homeowners insurance policy is unlikely to cover flood damage. This means that if you don’t have flood insurance, you could be left with a hefty bill for repairs.
  3. It’s affordable: Contrary to popular belief, flood insurance is relatively affordable. The cost of your policy will depend on factors like your location, the value of your home, and the level of coverage you need.
  4. Peace-of-mind: Knowing that you have flood insurance can give you peace of mind. You can rest easy knowing that you’re protected in the event of a flood.

Protect Your Home and Your Contents with Flood Insurance

Flood damage can be devastating, and it’s important to take steps to protect your home and its contents – even if you are in a low-to-moderate flood zone. Notable Risk can help you find the right insurance policy to protect your home. Don’t wait until it’s too late – contact us today to learn more about your flood insurance options.

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