|Targeted News Service|
Commissioner of Insurance Jim Donelon held his yearly storm season press conference today, urging residents to get ready for
While hurricane experts are predicting a less active storm season, Commissioner Donelon warns that residents should still be prepared. "All it takes is one," said Commissioner Donelon. "When forecasters say they expect a less severe hurricane season based on weather conditions in the
As an example, Commissioner Donelon pointed to the 1992 hurricane season.
"There were only six named storms that year, but the first of those was Hurricane Andrew. This August marks the 20th anniversary of that devastating storm that hit
Commissioner Donelon also noted that other Category 3 storms to severely impact
Commissioner Donelon warned that
Every property owner in
Standard homeowners insurance does not typically cover flood damage, but flood insurance covers damage that residents would otherwise have to pay for themselves, according to Commissioner Donelon. Flood insurance is provided by the National Flood Insurance Program (NFIP) for home and business owners, as well as renters. According to the NFIP, the average cost for a flood insurance policy in
Typically, a flood insurance policy takes 30 days to go into effect after purchase, so don't wait until a storm is coming to buy flood insurance.
Flood insurance policies also offer a maximum coverage of
Although storm surge caused by hurricanes and tropical storms can wreak havoc on coastal areas, some of the most damaging floods occur hundreds of miles from the shoreline, days after the storm's initial landfall. As hurricanes and tropical storms move inland, torrential rains and high winds intensify the risks of flooding by rivers and streams. In fact, rains associated with Hurricane Gustav in 2008 caused extensive flooding in areas as far north as
The risk of hurricanes and related flooding includes the entire
Be Floodsmart - Reduce your Risk
Know your flood risk. Visit www.FloodSmart.gov to rate your risk and estimate your premiums by entering your address at the "One Step Flood Risk Profile." Your insurance producer can also assist you with this information.
Plan for an evacuation. Plan a flood evacuation route, ask someone out of state to be your "family contact" in an emergency, and ensure everyone knows the contact's address and phone number.
Move important objects and papers to a safe place. Store your valuables where they will not get damaged in a flood or take them with you when evacuating.
Conduct a thorough home inventory. Thorough documentation of your belongings will help in the event you must file an insurance claim. For more information, visit www.knowyourstuff.org. The
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.
Visit www.ready.gov for a disaster supply checklist.
Don't forget to purchase a flood insurance policy. Most homeowners insurance does not cover floods and there may be a 30-day wait before a flood policy becomes effective. If you already have a flood policy, remember that your policy needs to be renewed each year.
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