Saturday, May 21, 2011

7 Flood Facts Missouri Homeowners Should Know | St. Louis ...

Whether or not you have ever been affected by a flood the potential is always there. Flooding is the most common natural disasters, affecting the entire United States?yet many of us do little to educate ourselves on the warning signs or potential impact.

With heavy spring rains making a constant appearance in the weekly forecast, ABS Insurance Agency has found 5 interesting flood facts that every Missouri homeowner should know:

  1. Floods and flash floods occur in all 50 states
  2. Most homeowner?s insurance does NOT cover flood damage
  3. Just 1 inch of water can cause costly damage to your property
  4. Flash floods commonly cause walls of water 10 to 20 feet high
  5. It takes 30 days after the purchase of a policy to take effect, so it?s critical to by a flood insurance policy before the floodwaters rise
  6. Since 1978 the NFIP has paid over $36.9 billion for flood insurance claims and related costs
  7. Over 5.5 million people currently hold flood insurance policies across the U.S.

Be sure to check out FloodSmart.gov, where you can also view claim statistics and fully educate yourself on the nature of flooding. And while you?re at, explore our Virtual Insurance Office and learn more about what ABS Insurance Agency can do to accommodate your flood insurance needs!

Source: http://www.stlouisinsuranceblog.com/2011/05/20/7-flood-facts-missouri-homeowners-should-know/

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