If You Live In A Flood Zone, Consider Flood Insurance

The Today Show has a few helpful pointers for those whose homes might be involuntarily redecorated as stationary arks:
  • Insure the full value of your home.
  • Remember to separately insure the contents of your home;
  • When filing a claim, don’t sign any documents that you don’t understand.
  • Consider yourself lucky if you never need to use your insurance; or, as the Today Show put it: “Purchasing flood insurance can be a roll of the dice, but it may just be worth investigating.”

    The Today Show

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    1. sleze69 says:

      “If You Live In A Flood Zone, Consider Flood Insurance” – If this was Fark, I think this would get the obvious tag.

    2. courtarro says:

      I prefer the advice “If you live in a flood zone, try moving”

    3. guyver8400 says:

      Here in NY, people are being dropped from their flood insurance, no matter from which insurance company.

    4. faust1200 says:

      The people that need it most probably cannot get it. Insurance companies will do anything so they don’t actually have to pay out up to and including not giving you insurance in the first place if you are deemed risky.

    5. Sudonum says:

      Flood insurance is a federal program and as such coverage is available across the country. If your insurer is not offering it the are many who do. [www.floodsmart.gov]
      Post Katrina we have had many friends and neighbors complain about insurance companies dropping wind and hail, but nobody is having a problem getting flood insurance. The premiums have risen, but coverage is still readily available.

    6. guyver8400 says:
    7. Sudonum says:

      @guyver8400:
      I’m reading the link and it every comment states that people can’t get homeowners insurance. Nothing about not being able to get flood insurance. Now of course the catch 22 is that without homeowners you can’t get flood.

      So are you telling me that these people can’t get homeowners because the don’t have flood? Or they can’t get homeowners because they don’t want to pay for flood?

    8. Sudonum says:

      @guyver8400:
      I forgot the third option; They can’t get homeowners because they live too close to the shoreline regardless of whether they carry flood insurance or not? Which is starting to become common.

    9. bigTrue says:

      Um, how about not living in a flood zone, you morons?

      The worst part? These people live in flood zones, get flooded out, get government aid money, and rebuild in the same place. Repeat cycle every 5-20 years, depending on how bad of a zone they live in.

      We need to stop giving aid money to people too stupid to move after the first time it happens, or people so dumb they buy after a flood has happened.

      Guess what? Places flood, and you’re going to lose everything. A great philosophy in life that serves me well : DO SMART THINGS.

    10. Mr. Gunn says:

      Blah blah my tax money blah blah…How about shutting the everliving fuck up, Bigtrue? Natural disasters can befall every square inch of this country.

      Apologies for being so harsh, but I’ve reached my limit with idiots like you. Hope you don’t get hit by a car crossing the street.

    11. davere says:

      Not just people who live in flood plains. If a hurricane or tornado comes and takes your roof and your house gets damaged because of the rain, it’s considered flood damage.

      Flood insurance isn’t expensive.

    12. ceejeemcbeegee is not here says:

      @bigTrue: Los Angeles not a flood zone, but if a tsunami sweeps 4 feet of water thru my living room, the flood insurance would come in handy.

    13. Woofer00 says:

      @bigTrue: We could all just go live in the midwest, but then trolls would call us fools for moving into tornado alley

    14. target38 says:

      @DAVERE: if the water comes through your roof and your homeowner’s policy covers windstorm/hail etc, it will be covered. Rain coming through one’s roof is never considered a flood – it falls into the generic water damage category.
      Now if the roof was improperly maintained etc then you may not be covered.

      For fuck’s sake just read your policies and if you have a question – take your insurance info – Policy, exclusions***** <- (one of the most important pieces which very few bother to read) etc to a few Insurance Agents (not in the same agency or same company/Broker). By doing so you will likely get a better idea of how good your coverage is as well as if you should have riders to enhance coverage in any way.
      Finally since you are there let the agents write a quote up for you for both what you have now and what they think you need. That way you can easily tell after 2-3 visits whether you are being screwed…


      The absolute worst thing to have happen is to have your house burn down or catch fire etc. and then find out that you don’t have enough coverage for your rebuild and content.

      Make sure you are insured for Replacement cost, not AVC – Actual Cash Value.

      /rant

    15. zolielo says:

      @ceejeemcbeegee: Near Los Angeles what I do not care for is people living on beach cliff homes.

    16. not_seth_brundle says:

      @Woofer00: Or move to San Francisco and wait for The Big One… I want to know where bigTrue lives that is totally immune from natural disasters of any kind.

    17. Protector says:

      So…if you live in a flood zone, are property values lower?

    18. zolielo says:

      @Protector: It is a matter of information dissemination – if people readily know the area is a common flood zone it will lower prices not withstanding some other characteristics that counter.

      Example: Northridge, CA home of some well known significant earthquakes; while it is high priced the area is under valuated for the types of homes found there, as the name alone creates thoughts of potential devastation.

      Counter example: The beach cliff homes in LA and OC; people know it should cost less because of the danger of a home going over a cliff, however the demand for a great ocean view neverthelees drives the price way up.

    19. Rusted says:

      @bigTrue: Flood zones aren’t just, yes it floods, or no it doesn’t. They are rated to amount of risk. Also with three hundred million people in the US of A, not every one can live on top of a hill. Suggest floodsmart dot gov. You can enter your address and see if you are in a flood zone.

    20. Sudonum says:

      @Protector:
      I have been offered lots by a developer in flood zone at a discount. If I were to build a spec house there my builders risk insurance would cost me more and it would be harder for me to sell the house as I would have to disclose to the potential buyer that the house is in a flood zone. It would then cost the homeowner more since they would have to maintain flood insurance as a condition of their mortgage. I avoid lots in flood zones. And I have seen subdivisions where some lots are in a flood zone and some aren’t. I have also seen developers bring in tons of dirt to raise these lots up one or two feet to get them out of the flood zone. I still avoid them because you never know when the Corp of Engineers will redraw a map and put them back in the zone.

    21. Mr. Gunn says:

      ceejeemcbeegee: Actually, no, you wouldn’t be covered, because, as on the gulf coast, they would say you needed extra tsunami converage and that normal flood doesn’t apply.

    22. MeOhMy says:

      @Mr. Gunn: Your statement illustrates how insurance has become so screwed up lately by both the insurers and the people buying the policies. Insurance is theoretically supposed to be a pool that a whole lot of people throw a little bit of money in to pay in the event of a disaster. The disaster is supposed to be unlikely and only affect a few of the contributors at any time. Hopefully the cost needed to help those affected will not exceed the amount that has been collected.

      If you live on a flood plain (a place that has already flooded historically!) the possibility of the disaster is not only likely, it’s pretty much inevitable.

      At this point flood insurance becomes this monthly fee that you pay to magically be bailed out (no pun intended) when the next flood comes, but the contributions of the people that are insured is less than the money laid out against oft-repeated claims.

      So…if you’re going to build in a location that WILL flood sooner or later, you should figure out a way to either self-insure or build elsewhere. A government program is not a good solution.

      The difference between flood and other disasters is that there is currently no federal insurance program for them.

    23. bigTrue says:

      You guys are missing my point. My rant is at the idiots who live along the Mississippi or similar areas. The ones you see on the news, somewhere along the river, every year (or maybe 2) and whee, these fools will pick up, dry off, rebuild with governemtn aid money.

      Katrina, or some other natural disaster that happens once every 50-100 years (like a tsunami in LA) is perfectly fine, and deserves federal aid money. If you live in an area that has the tendency to flood once a decade, you’re a fool, plain and simple, and shouldn’t get any aid money.

      Again, do smart things.

      Tornados, as someone mentioned are pretty random, but you can look at data from the last 100 years and see the areas near rivers that are in repeated flood plains, not just low areas that get a little damp sometimes, but the areas where it’s going to be shoulder height water enough to form a semi-regular pattern. These areas should be dicated federal-aid free zones. You’re free to move there, build there, but don’t expect any help if your house goes underwater.

      Stupidity should be painful, and if you build (or worse, rebuild) someplace that regularly floods, you need to stop wasting the air for the rest of us.

    24. Amiga_500 says:

      @ BIGTRUE
      Good point. Enough bad stuff can happen to us without putting yourself in even more danger.

      @ Rusted
      A flood plain is one thing and everyone can’t live on a hill, but why would one live below sea level on the coast?

    25. anatak says:

      “If You Live In A Flood Zone,…” Good Luck Getting Flood Insurance.

    26. ltlbbynthn says:

      Flood insurance used to be covered under Homeowner’s Insurance. Too bad people actually are victims of flooding sometimes