Protect yourself against floods


Flood Insurance Benefits Outweigh Costs

Thousands of under-insured homeowners inand the possibility that mandatory
the path of Hurricane Katrina learnedinsurance might not be required.
first-hand the financial devastation ofHowever, lower risk doesn't mean that
flooding. Every home in the Unitedyou shouldn't diminish the opportunity
States has a one in four chance offor severe flooding. Evolving weather
experiencing some type of flood damagepatterns offer areas that historically
every three decades according to thehave predictable precipitation and storm
Federal Emergency Management Agencypatterns experiencing record rainfalls
(FEMA). With the increase in globaland flash flooding that haven't
warming, more intense storms with theirimplemented wide ranging flood control
severe flooding will alter the financialinfrastructure. Flood damage can also be
future of those with no or minimalcaused by overwhelmed storm sewer
insurance for rising waters.systems backing up into your home.
Flood zones are categorized by FEMA byRates for policies vary from two to
their likelihood to experience floodingseven hundred dollars a year, based on
based on a once-in-a-century model thatyour flood risk level. Plans restrict
states a flood having a one-percentcoverage amounts to $250,000 for
chance of being equaled or exceeded instructures and $100,000 in personal
any year. Areas rated an "A" are at theproperty. Florida leads the country with
highest risk and all potential mortgagethe largest number of flood insurance
lenders offering a loan in an "A" floodpolicy holders. The visual images of the
zone will require the borrower to obtainhomes in the path of Katrina should
flood insurance. Locals labeled "B",offer a stark reminder of why flood
"C", "D", "V" and "X" carry lower risksinsurance in a benefit not a cost.



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