Spring is almost here, and with it comes warmer weather and the risk of flooding. As winter ends, homeowners and business owners are being urged to think about protecting their properties. Flooding can happen anywhere, even in places that seem safe. In fact, nearly all U.S. counties have seen at least one flood in the past two decades. Surprisingly, over 40% of flood insurance claims come from areas not considered high-risk for floods. With changing weather patterns, the risk of flooding is becoming more unpredictable, making flood insurance essential.
Spring is a season that can bring heavy rains and rapid snowmelt, both of which can lead to flooding. As temperatures rise, snow melts quickly, which can overwhelm drainage systems. If heavy rain falls on melting snow, it can cause flash floods, especially in northern or mountainous areas. Additionally, spring often brings intense rainstorms. If the ground is still frozen or saturated from winter, it can’t absorb the water, leading to sudden flooding.
Coastal areas are also at risk during spring. Seasonal storms can create high tides and storm surges that push water inland. Even without a named storm, strong winds can raise water levels and threaten coastal properties. It’s important not to assume that your area is safe from flooding just because it hasn’t happened before.
Many people mistakenly believe that their homeowners or business insurance covers flood damage. However, most standard policies exclude floods, meaning that without specific flood insurance, you would need to pay for repairs and losses out of pocket. For businesses, a significant flood could lead to closures that result in lost revenue and costly repairs. In fact, about 25% of businesses do not reopen after major disasters like floods. For homeowners, flooding can lead to expensive repairs and loss of personal belongings, all of which would need to be paid for without insurance.
Flood insurance can help cover the costs of repairs from rising water. It provides financial support for structural damage to homes and businesses, including repairs to foundations, walls, and essential systems. It also covers personal property, helping homeowners replace furniture and electronics damaged by flooding, and assists businesses in recovering equipment and inventory.
Getting flood insurance is straightforward and available to everyone, regardless of whether they live in a high-risk area. Everyone should assess their flood risk, especially with unpredictable weather patterns. By investing in flood insurance, you can protect your home, business, and financial stability. The peace of mind that comes with being insured is invaluable, especially as spring approaches. It’s best to act now rather than wait until it’s too late. Contact an insurance agent today to explore your options and ensure you’re prepared for the potential risks of spring flooding.