When it comes to natural disasters, one term is sure to strike fear into the hearts of Hailey, ID homeowners: flooding. Anything that causes excess water accumulation can cause this much trouble, from regular storms and hurricanes to heavy rain or snowfall. Let Harrison Insurance and Financials LTD help you learn more.
What Causes Flooding?
The most common cause of flooding is heavy rain or snowfall. During these times of precipitation, water finds its way into buildings or other structures through openings around the outside or inside. As a result, water can accumulate rapidly until the system cannot handle it. Even excess water can cause significant damage, as it splashes against walls, furniture, and other objects. Rain and snow can also cause sudden changes in water levels near a river, lake, or estuary.
How Much Damage Can a Flood Cause?
According to FEMA, even just an inch of flood water can cause a combined loss of over $26,000. This cost increases not only with higher flood waters but the size of your home and the value of your furnishings. Add to this the cost of cleaning and drying out the excess water, and you have a total loss that has the potential to go over $100,000.
Having flood insurance is the most crucial step to recovering from a flood. It covers covered losses and helps with rebuilding.
NFIP policies are issued by private insurers and separate U.S. government flood policies. The NFIP provides guidelines for homeowners who qualify. This is done through a licensed agent.
Contact Us Today
You don’t want to be caught in a flood, but you can protect yourself with flood insurance. Contact Harrison Insurance and Financials LTD in Hailey, ID to ensure you’re covered in flood.