Flooding is one of the most prevalent natural disasters, costing homeowners and insurance companies billions each year. While some areas mandate flood insurance due to their high-risk status, it’s worth considering whether you need flood insurance even if it’s not compulsory. Evaluating your flood risk can help you make this decision.
Location
Due to heavy rainfall, properties near bodies of water are more susceptible to flooding. Homes situated in valleys or at low elevations also face an increased risk. FEMA’s Flood Map Service Center provides a nationwide risk assessment. For more information about your risk in Coppell, TX, consult with David King Insurance Services LLC.
History
It’s important to consider your area’s flood history. A simple online search can reveal recent floods in your vicinity, suggesting that investing in flood insurance might be a wise decision. Even if FEMA classifies your area as low-risk due to infrequent flooding, historical data might reveal a flood occurrence in the recent past.
Climate Change
Climate change is another factor to consider when assessing your flood risk. New weather patterns are emerging, leading to flooding in previously unaffected areas. For instance, Ohio is now included in Tornado Valley despite not being prone to tornadoes a few years ago. Research local disasters online and consult with neighbors to gauge the likelihood of flooding in your area.
City Preparedness
While most city governments are prepared for natural disasters, not all are. Some small towns in Ohio might not have tornado warning systems in place due to not yet recognizing the new risk factors. The same applies to cities and towns now prone to previously considered safe flooding.
Homeowners at an increased risk should consider reliable flood insurance. Contact David King Insurance Services LLC in Coppell, TX, to learn more.
