Heavy rains and the recent emergency situation regarding the Oroville Dam have put flooding top-of-mind for many of us, making flood insurance more of a topic of conversation than usual. We’ve put together essential flood insurance facts in this blog so you can easily find what you need to know.
Flood Insurance Facts: What You Need to Know
First-of-all, it’s important that everyone know that no matter where you live, we are all in danger of flooding. If a pipe breaks in your home, or a window breaks during a storm and rain comes in, then the damage to your home and your possessions would be covered. However, if standing water from a storm, or water from a nearby flooded creek or mudflow came into your house you would not be covered at all. Homeowners insurance and flood insurance work together to make sure that your home and belongings are fully covered. Flood insurance is a vital part of being properly covered at all times.
Here are some facts to keep in mind:
There is a 30-day waiting period for standard flood insurance coverage.
There is a 15-day waiting period for catastrophic flood insurance coverage.
This makes getting proper coverage right now a vital part of your plan.
Additionally, you should know:
In the last few years, all 50 states have been affected by flooding or flash floods.
Homeowners Insurance does not include any flood damage.
Everyone lives in a flood zone (it’s true!). Click here to view flood zones for more info.
Do renters need flood insurance?
Yes! Flooding is not covered at all under general renter’s insurance. You would be at a total loss should the apartment or home you are renting flooded. Read more homeowner’s and renter’s flood insurance facts in our previous blog by clicking here.
In addition to proper coverage for after-the-fact, here are 3 basic flood prevention tips homeowners can take to help ensure minimal damage should you and your home face future flooding.
Make sure your property has proper drainage in place. You might consider consulting a professional landscape architect to ensure both surface and subsurface drainage are in place.
Keeps grates and basins cleared of debris. Periodically check that grates and drainage pipes are clog-free.
Have debri-flow systems in place. You can find tips and instructions by clicking here.
These flood insurance facts are intended to help you better prepare you home and family in case of a flood. Don’t wait - Mother Nature isn’t!
Call us today for a review of your current policies 530-674-3430.