The Truth About Flood Insurance

Hurricane Ian was a category 4 storm when it struck Florida. Early estimates for the storm’s total impact are approaching 47 billion.

The storm’s damage will financially ruin many homeowners who were underinsured or carried no flood insurance. Although, many homes were not in high-risk flood zones, they experienced flooding due to the torrential amount of rainfall. With the rising storm surge the rain fall had no where to go and flooded areas not normally prone to flooding.

You’ll sometimes hear Cape Codders explain they are not in a flood zone. However, all of Cape Cod is in flood zone. If you experience 15” of rain in a 12 hour period – you will see lots of flooding. FEMA defines a flood as “A general and temporary condition of partial or complete inundation of 2 or more acres of normally dry land area or of 2 or more properties”.

People without flood insurance will have to rely on government aid, which is capped at $72,000 but usually results in payments of less than $10,000. Private flood insurance has become available at very reasonable rates. Contact us to find out more about flood insurance coverage, cost and available competitive programs. Call/ 800-800-8990 or email us info@riskadvice.com