Floody Waters: Insure Your Home/Business & Ensure Calm After the Storm

Philippines, Typhoon Ketsana, Tropical Storm, Flooding
Erik de Castro, Reuters • Typhoon Ketsana ravages The Philippines

Flooding in the aftermath of Typhoon Ketsana has left millions in The Philippines devastated–the homes of nearly 1.9 million were flooded; displaced–nearly 380,000 people have been brought to evacuation centers; and dead–the death toll has risen to at least 240 and it is expected to increase as many remain missing (The National Disaster Coordinating Council).

The Philippines may seem worlds away from us, but just days ago, flooding in our state of Georgia has left many devastated, displaced and dead.  A woman in Georgia affected by the flood suggested that she “knows it’s not Katrina,” to which Vice President Biden replied, “For someone who is in a situation the people here in this shelter are in, it is Katrina. It is not Katrina in its scope by any stretch of the imagination, but the impact on their lives, on your lives, we understand it is Katrina.”

In a flash, disasters such as these remind us how inherently unpredictable and unforgiving nature is. Even if a hurricane or tropical storm doesn’t rip through your area, flooding is still a real threat. Anywhere it rains, it can flood. Whether floods are rare, unexpected or frequent where your home or business is, a flood risk is always present and it takes just an inch of water to cause damage to your property and disruption to your life or business.

Your homeowner, condo, renter and business policies do not cover damage by flooding (in fact, flooding is explicitly excluded), so it is important to have protection from the floods associated with hurricanes, tropical storms, heavy rains, snowmelt and other conditions that impact the U.S. Consider the possibilities of what flood damage can do to your assets… and then strongly consider protecting your home and business. If your home or business is covered by flood insurance, you can rest assured that there is calm after the storm.

Call or e-mail us at Asset Security to discuss protecting your home and business against flood damage. 914-598-3004 or jaime@assetsecurityrm.com.

Not-So-Fun Flood Facts…

  • Floods and flash floods happen in all 50 states.
  • Everyone lives in a flood zone.
  • Your car can easily be carried away by just two feet of floodwater.
  • Your home has a 26% chance of being damaged by a flood during the course of a 30-year mortgage, compared to a 9% chance of fire.
  • One-third of all claims paid are for policies in low-flood-risk communities.
  • Floods are the #1 most common natural disaster in the United States.
  • 90% of floods aren’t declared federal disasters leaving the full cost to rebuild up to the home or business owner. Flood insurance protects you whether or not a disaster is declared.
  • The National Flood Insurance Program (NFIP) awarded over $16 billion in flood claims in 2005. Source: http://www.floodsmart.gov
  • 2 Responses to Floody Waters: Insure Your Home/Business & Ensure Calm After the Storm

    1. JimmyBean says:

      I don’t know If I said it already but …Hey good stuff…keep up the good work! 🙂 I read a lot of blogs on a daily basis and for the most part, people lack substance but, I just wanted to make a quick comment to say I’m glad I found your blog. Thanks,)

      A definite great read..Jim Bean

    2. REIT says:

      Your blog is so informative … ..I just bookmarked you….keep up the good work!!!! 🙂

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