Hurricane season is among us and that means it’s time to prepare. Are you ready for that unwelcomed guest to arrive?
The 2019 List of Hurricane names provided by FEMA were recycled from the 2013 season. The 2013 Hurricane Season was a quiet year with no major hurricanes so we are crossing our fingers that the trend repeats itself.
Properties along the Atlantic and Gulf Coast are more susceptible to welcoming these unwanted guests between June and November. However, floods are America’s most common natural disaster making everyone at risk. In fact, 1 in 4 flood claims are filed in low-to-moderate flood risk areas. While flood insurance is not federally required in moderate-to-low risk areas, it is still available and strongly recommended. The National Flood Insurance Program (NFIP), which is a federal program, determines the rates. These rates do not differ from company to company or agent to agent. The rates are set based on several factors including the area’s level of risk and the date of construction of the home. There is typically a 30-day waiting period from date of purchase before a new flood policy will take effect. A full year’s premium must be paid at the time of purchase.
Below are a few resources to help guide you to prepare before and after the storm.
Understanding Flood Loss Avoidance
Ready.gov – Flood Safety and Preparedness
What is Covered (and Not Covered) Under My NFIP Policy
How to File a Flood Insurance Claim