Colorado saw devastating forest fires this year, with three of the state's largest forest fires in history. Although the flames are now largely limited, people and societies risk another threat, floods. Forest fires leave the ground charred and cannot absorb water. This creates a rapid flood potential for many years to come, even in areas that have rarely experienced floods in the past. Sometimes these floods can pick up ash and large debris and turn into fluffy streams that are very destructive.
Unlike many causes of damage, floods and mud are usually not covered by a homeowner's policy. An uninsured flood loss can eat into your life savings. Floods are the most common and costly natural disaster in the United States. Just one inch of water in a medium-sized home can cause $ 25,000 in damage. A National Flood Insurance Program (NFIP) policy protects against such losses and can ensure that a flood does not result in economic destruction.
Flood insurance is easy to get, the only requirement is that you live in an NFIP participating community. These include cities, counties and other developing jurisdictions. You do not have to live in a floodplain to buy a policy. If you live off the plains, insurance is likely to cost less than for those living in a higher risk area.
Buyers should be aware of 30-day waiting period for an NFIP policy to take effect. It is important to purchase a policy now to protect your property from the continuing threat of flooding. You can usually buy flood insurance from your Bolder Insurance Advisor.
As with all insurance policies, be sure to talk to your agent about the details of your insurance policy. Find out more about your risk and flood insurance at www.floodsmart.gov. To purchase flood insurance, call your bolder insurance advisor at 303-449-9595
Article compliments by FEMA.gov
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