5/22/2014 - FEMA: Flood risk never ceases
Being in the midst of the season, a flood insurance policy is an important thing to have. But even at points in the year where high water levels aren't as pervasive a threat, investing in a plan is a smart move to make, the Federal Emergency Management Agency recently advised.
Perhaps the best evidence of this is the fact that flooding is the most common natural disaster in the United States, FEMA stressed. Not only that, but past events have demonstrated that in places not accustomed to flooding, severe losses have resulted. In the past five years, all 50 states have witnessed a major or flash flooding event. This may be because there are a variety of ways in which one can transpire.
"A quick heavy rainfall or rapid snowmelt can cause flash flooding, a blocked culvert or storm sewer drain can create flooding in a city neighborhood, or prolonged wet weather can swell streams and rivers," said FEMA.
What's more, dry conditions can result in a flood. FEMA noted that when a region goes through a prolonged drought, the earth becomes accustomed to the shortage of water. Thus, even when there's a brief shower, it can result in flash flooding because the soil can't readily absorb the newly fallen rain.
The best way to stay protected and avoid a loss is through a flood insurance policy. Because it doesn't come standard, it's important to make one's provider aware that flood insurance is something that should be added on to the homeowner's insurance plan.
Best of all, coverage is affordable. Nationwide, they run approximately $700 for a year's worth of protection, which is the equivalent of $2 per day.
For more details on flood insurance and how much you may need, talk to your local Selective agent today.