Flood Insurance: No Policy, No Protection

Every spring, the snow of Colorado’s mountains melt. This snowy runoff replenishes the state’s rivers and reservoirs, irrigates crops and hydrates livestock for many of the state’s farmers and ranchers. The amount of available snow depends on snowpack totals and how it melts, which federal and state agencies continuously monitor. High snowpack sometimes leads to a season of flooding.

The semi-arid Colorado Front Range has also experienced historic rains, which have resulted in flooding. In 2013, the area received record rainfall, delivering approximately 17 inches in seven days. This immense rainfall caused extreme flash flooding and river flooding. Although 2013 wasn’t a typical weather year for Colorado, the state does experience flash flooding every year. A flood can be devastating, destroying homes and properties in its path.

According to the National Weather Service outlook, Colorado is learning toward warmer-than-normal temperatures and below-normal precipitation. The report’s authors say Colorado might have a near-normal amount of runoff. However, the South Platte river basin reservoirs have reached above-average levels.

Despite the weather challenges of Colorado, many homeowners still don’t have flood insurance. This preventive coverage is necessary for peace of mind. You may want to consider purchasing coverage before any anticipated flood event since a flood insurance policy doesn’t take effect until 30 days after you buy it.

What Does Flood Insurance Provide?

Flood insurance protects you and your home in the event of a flood. Your homeowners insurance policy doesn’t cover flood-related damages; you need a separate flood insurance policy.

Flood insurance usually provides coverage for the following home items:

·        Electrical and plumbing systems

·        Flood damage cleanup

·        Furnace, water heater and central air conditioning systems

·        Structural damage to your home

Topographical maps help to determine flood-prone areas. People who live in these areas can often obtain flood insurance through the Federal Emergency Management Agency (FEMA) National Flood Insurance Program (NFIP). NFIP insurance reimburses homeowners for all their covered losses. JJ Insurance can help determine if you qualify for the NFIP’s insurance or need independent flood insurance.

Sometimes, the U.S. president may declare an area a federal disaster and offer federal disaster assistance. However, this assistance doesn’t always occur, and this assistance is a loan that you must repay with interest.

If you would like to get a flood insurance policy, JJ Insurance can help. We can get you information on flood insurance, including premium costs, coverage levels and the flood risk for your area of Colorado.