Flood Threat a Reality of Spring, So Prepare Now
The old saying is that April showers bring May flowers. Well, in FEMA Region VIII we have learned that March snowfall can bring April, May or even June flooding. The recent heavy snows have left considerable snowpack both in the
For individuals, first and foremost this means reviewing your insurance policies and talking with your agent. Most traditional homeowner's insurance policies do not provide coverage for flooding. Those interested in purchasing a flood insurance policy from the National Flood Insurance Program should act quickly, as there is a 30-day waiting period for a policy to become effective. Insurance is your best protection against the damage a flood can inflict.
Beyond purchasing flood insurance, you can take precautions such as moving valuables to a higher space within the home or even temporarily relocating them to another location. You also should have a safe place for important papers like legal documents, identification and insurance papers so that you can grab them quickly if you need to evacuate.
You may not think you need to worry about the threat of flooding, but history has shown us that more than a quarter of flood insurance claims have come from outside what are designated as high-risk areas on flood maps. And, recent wildfires increase the threat. Burn scars are missing vegetation and the soil cannot absorb snowmelt or rainfall as easily, putting areas downstream at risk. In addition, there are types of flood risks that aren't displayed on flood maps, such as flooding caused by heavy rain events or broken water mains.
We at
In


Insurance Regulatory & Financial Services Pro Timothy V. Kemp Joins Greenberg Traurig in Washington, D.C. Office Continues to Expand
America’s Life Insurers Laud Upcoming Retirement Rountable in Boston Hosted by House Ways and Means Committee Chairman Richard Neal
Advisor News
- Succession planning: Building the future of your practice
- From loss to security: Supporting widowed clients with life insurance
- Plan now for lower Social Security benefits later
- The conversation almost no advisor is having yet
- Why advisors should offer retirement-longevity planning
More Advisor NewsAnnuity News
- Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
- Industry pushes back on linking ‘financial strength’ to annuity illustrations
- Sammons Enterprises & Sammons Financial Group Respond to Reports
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Cayman Islands premier to meet with U.S. reinsurance regulators
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- Record IUL sales don’t diminish the need for continued customer engagement
- Benchmark International Successfully Facilitated the Transaction Between National Group Marketing Trust and New Era Life Insurance Companies
- Why the bond market is flexing its muscles, and why everyone needs to care
- An Application for the Trademark “LIVE TODAY, SECURE TOMORROW.” Has Been Filed by Security Mutual Life Insurance Company of New York: Security Mutual Life Insurance Company of New York
- Modern Woodmen board selects Shea Doyle as next president and CEO
More Life Insurance News