
By Lorie Ham
Lately it feels like there has been one disaster after another—fires, hurricanes, floods, volcanos, etc. How do you protect yourself and your property when these things happen? In past articles, we have talked about different types of safety, but we haven’t talked about floods and who might need flood insurance.
According to Kevin Lucke, President/CEO of Mennonite Aid Plan/Mennonite Insurance Services, anyone who lives in a flood area should consider buying flood insurance. “Floods happen frequently enough and damages can be substantial.” Typically, homeowners insurance excludes coverage for loss due to flood or surface water.
A recent article on Realtor.com, states that many U.S. homes lie within flood zones and a lot of homeowners aren’t properly aware of the risks or prepared to take them on. It also states that most homes in high-risk flood zones are near a body of water, and yet more than 20% of flood-related home insurance claims happen in non-flood zones.
One way to determine whether you are in a flood zone is by using flood maps. Flood maps, known officially as Flood Insurance Rate Maps, show areas of high- and moderate- to low-flood risk. FEMA is a good resource when you are trying to determine if you are in a flood zone. FEMA Flood Map Service Center (MSC) is the official source for National Flood Insurance Program flood hazard information, produced in support of the National Flood Insurance Program (NFIP). You can use the MSC to find your official flood map, access a range of other flood hazard products, and take advantage of tools for better understanding flood risk. Simply type in your address on the Flood Center webpage. If you live in an area with low or moderate flood risk, you are still five times more likely to experience a flood than a fire in your home over the next 30 years.
So you have accessed your risk of flooding and feel that flood insurance is a good idea, how do you go about getting flood insurance? “Most individuals can work through their insurance agent to procure flood insurance, or they could call the National Flood Insurance Program,” states Lucke.
There are also things you can do to help mitigate the damage done by floods. Property Wire has a list of eight things you can do. These include planting trees, installing water storage areas, building water diversions, water pumps, and floodgates. Floodgates are barriers and gates installed around your home, to doors, windows, and other openings, which would otherwise let in floodwater. The floodgates provide a water-tight barrier so no water can enter the house.
However, FEMA says, before you mitigate know your risk. Meeting National Flood Insurance Program (NFIP) requirements is the most cost-effective way to reduce the flood risk to new buildings and infrastructure, and FEMA provides tools and resources to help communities navigate NFIP requirements and implement higher standards of floodplain management. State and federal agencies, tribal governments, local communities, and property owners have a role in reducing flood risk and helping communities become more resilient. Everyone can play a part in making communities safer and more resistant to flood disasters.
If you have questions about flood insurance, Mennonite Insurance Services is happy to help. Just call (559) 638-2327.