Flooding can occur almost anywhere, whether you live in a flood plain or not. Common flooding sources include heavy rains, tropical storms, melting snow, inadequate drainage systems, and failed levees and dams.
Contact your American Family agent for more information and to request a flood insurance quote. (Because most home insurance policies do not provide coverage for flood damage, American Family works through the National Flood Insurance Program to offer flood insurance coverage.)
Anyone can buy flood insurance, even if the personâ€™s property has been flooded before, as long as the property is in a community that participates in the National Flood Insurance Program. Nearly 21,000 communities in the U.S. take part in this program.
Flood insurance is available for single-family homes, apartments and condos, as well as for commercial properties. After purchasing a flood insurance policy, there is a 30-day waiting period before it takes effect.
Why is flood insurance so important? Consider this information from the Federal Emergency Management Agency.
- Just an inch of water can cause costly damage to your property.
- Flash floods often bring walls of water 10 to 20 feet high.
- A car can easily be carried away by just two feet of floodwater.
- New land development can increase flood risk, especially if the construction changes natural runoff paths.
- In high-risk areas, your home is more than twice as likely to be damaged by flood than by fire.
- Twenty percent of flood claims come from people living outside high risk areas.