LEARN MORE ABOUT FLOOD
Did you know that flooding
is considered the nation’s number one natural disaster, according to
Oceanic and Atmospheric Administration (NOAA)?
National Flood Safety Awareness Week was held March 19-23, with March 22 as
Flood Insurance Day.
Flash floods, inland flooding and seasonal storms occur both inland and on
the coast and affect every region of this country. Know that floods do not
occur only within designated high-risk flood zones on the map. Recent
statistics show that from twenty
to 25 percent of all flood insurance claims are filed in low-to-moderate
insurance is available through nearly 100 insurance companies in more than
20,200 participating communities nationwide. Everyone can purchase flood
insurance - renters, business owners, and homeowners. The average flood
insurance policy costs around $500 a year. And in low- to moderate-risk
areas, lower-cost Preferred Risk Policies (PRPs) start at just $112 a year.
steps both renters and property owners can take to protect themselves and
their financial security from flood related damage:
your flood risk right now by entering your address at FloodSmart.gov "Assess
Your Risk” or by calling 1-800-427-2419. Insurance agents can also help
check your risk.
you have the right insurance: Review your insurance policies and find out
what they do and do not cover. Learn the difference between replacement cost
coverage versus standard coverage, which only pays the actual cash value of
insured property. Be sure that you have enough insurance to cover recent
home renovations or improvements. Know that most homeowners insurance
polices do not cover flood damage, so be sure to consider flood insurance
for both your structure and its contents. There is typically a 30 day
waiting period for a flood insurance policy to take effect. Remember to
renew the flood policy annually.
review more information about your insurance rights in the State of Florida
by reading the Consumer Guide to Homeowner Insurance produced by the Florida
Department of Financial Services. The guide may be obtained by downloading
it from the website at
www.MyFloridaCFO.com or by calling the toll free Consumer Helpline at
1-800-342-2762 and asking for a free copy to be mailed to your home.
your household possessions: For insurance purposes, be sure to keep a
written and visual (i.e., videotaped or photographed) record of all major
household items and valuables, even those stored in basements, attics or
garages. Create files that include serial numbers and store receipts for
major appliances and electronics. Have jewelry and artwork appraised. These
documents are critically important when filing insurance claims.
Protect important financial documents: Store copies of irreplaceable
financial and family documents in a safe place, preferably one that is
protected from both fire and water. Documents include automobile titles, tax
records, stock and bond certificates, deeds, wills, trust agreements, birth
and marriage certificates, photos, passports and insurance policies. Keep
originals in a rented safe deposit box. And don't forget the household
your home by cleaning debris from gutters and storm drains to allow free
flow of potential floodwater. Install backflow valves in waste lines to
keep water flowing in one direction, and protect your well from
threatened by floodwaters, move valuables and sentimental items to the
highest floor of your home or business before evacuation. Plan and practice
a flood evacuation route, ask someone out of state to be your "family
contact" in an emergency, and make sure everyone knows the contact's address
and phone number. Build an emergency supply kit: Food, bottled water, first
aid supplies, medicines, and a battery-operated radio should be ready to go
when you are.