With our Hurricane season almost upon us, figure this is a good time to repeat one of my favorite subjects with recent information regarding 2022.
After a year without major hurricanes in 2021, the Carolinas might seem overdue for some tropical weather to hit the coastline. And this could be the year as Colorado State University researchers reporting that they expect an “above-normal” year. These researchers typically put out one of the first reports on the upcoming hurricane season each year.
Read more at: https://www.myrtlebeachonline.com/news/weather-news/article260207075.html#storylink=cpy
A question often heard from my buyers is “do I really need Flood Insurance?” After attending a class from the NC Department of Insurance on flood risks, I respond with the following statements.
- If it rains where you live, you may have a flood risk
- Developments can cause flooding, even away from a body of water. Clear cutting messes with natures built in drainage systems.
- If you live in an area protected by levees or other flood control structures, there is a residual risk that those structures will be overtopped or fail during a more severe event will cause flooding.
Nature does not read flood maps, Hurricane Florence demonstrated that for us clearly here in Brunswick County. Floods are the most common natural disaster in the United States, yet most homeowners’ insurance does not cover flood damage. If you wait until a storm is on its way, it will be too late because there is generally a 30-day waiting period. Once a storm is named you cannot get flood insurance newly issued.
Did you Know:
Flood insurance is not required for homes or buildings in mapped Zone X low risk areas, but it is available. Over 25% of all flood damage occurs in low-risk zones, commonly described as being “outside the mapped flood zone.”
Typical homeowners’ insurance policies do not provide coverage against flood losses. Federally backed flood insurance through the National Flood Insurance Program (NFIP) is made available to homeowners, renters, and business owners in communities that participate in the NFIP Nationwide,.
North Carolina ranks eighth in the number of NFIP policies and ninth in the number of claims to date.
Who needs flood insurance? EVERYONE
For more information contact your local insurance agent. Further information can be found in:
Mary's Gone Coastal 