Flood victims likely did not have proper insurance: say local agents
By
SPEARFISH — The National Flood Insurance Program (NFIP) will cover flood losses that occur when two or more acres, or at least two or more properties are flooded, but the coverage is very limited, local agents say.
According to the website for the NFIP, the two types of flood insurance include building and personal property, with most infrastructure and property items covered with both. Items that are not covered include temporary housing, property outside of an insured building, financial losses caused by business interruption, losses of currency, precious metals or stock certificates or other papers, cars and other self-propelled vehicles, and any personal property that was kept in a basement or crawl space.
That last exclusion is key, since much of the flooding that occurred after the
"People are calling us up, and it's tough as an agent because I'm here to help people," said
Thomsen said many of the people affected by the
"Typically the only people who buy flood insurance are those who are forced to by their mortgage company," said
"Most of the surface water or flooding is not covered under any homeowner's policy," said
Renters insurance that covers personal property damage in the event of a perilous event such as a fire or theft, typically does not include flooding either, Follette said.
"If they're in their apartment and the pipe broke and flooded their apartment, no problem. We've got coverage," Follette said. "What we went through — nope."
While many property owners may be frustrated with their insurance policies, Thomsen said it is not likely there will be any federal emergency assistance coming from
"We didn't meet the first one and we haven't even met the second one," Thomsen said. "I haven't had a report of anything other than a road that was eroded on the north end of Woodlands. We did have water going over the roads. We had some mud. But as far as taking out the roads and damage, this storm was very localized in a very small area, and it didn't cover the state. It didn't cover all the county. The damages we had were pretty severe in this very small locality. Therefore, the costs of the damages were too small comparatively to the whole state."
In the case of the
But right now there are some things homeowners can do to mitigate damage to their homes, and prevent future ground water flooding, Barnett said. Utilizing a professional cleaning service is key at times like this, he said, in order to prevent mold growth. Additionally, with rain continuing in the forecast, Barnett said it is very important for homeowners to use sandbags, to prevent even more water flow into the homes. Assessing landscaping, Barnett said, is also key to ensuring water flows away from the home.
"The best thing with water is prevention," he said. "A lot of this flooding that is happening is preventable. I can tell you stories you wouldn't believe on brand new homes. It's all the same thing. In June when they get a lot of rain it comes down the hill and the way they've landscaped, all the water flows into the window well. (
To read all of today's stories,
Click here
or call 642-2761 to subscribe to our e-edition or home delivery.


California homeowners flood Farmers with requests for new policies, but it can’t absorb them [The Sacramento Bee]
California homeowners flood Farmers with requests for new policies, but it can’t absorb them [The Sacramento Bee]
Advisor News
- The 6X Formula for leveraging content marketing with AI
- When a home becomes difficult to insure, the plan changes
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
More Advisor NewsAnnuity News
- DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
- John Hancock launches new fixed indexed annuity suite
- Annuities to play a larger role in workplace retirement plans
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- Regulators advance shorter, streamlined annuity buyers guide
More Annuity NewsHealth/Employee Benefits News
- Kansas' rate of children without health insurance tops national average for second year
- Incoming chair of US Senate panel will seek healthcare overhaul, but unclear on details
- New Virginia subsidies help lure people back to health insurance
- High costs limit rural Nebraskans’ access to health care
- Medicare is already reading your 2026 tax return
More Health/Employee Benefits NewsLife Insurance News
- Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
- Military Briefs: November 12-18
- Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- New Jackson Study Finds the "Sandwich Generation" Squeeze Comes from More Than Two Sides and It’s Quietly Draining Retirement Savings
More Life Insurance News