If you’re located downstream from a dam, you may be at an increased risk of flooding. Flood insurance can help you protect the life you’ve built and stay financially prepared. Learn more at www.floodsmart.gov #FloodSmart
Did you know:
* Many communities in the United States are in the vicinity of at least one dam, and there are more than 84,000 dams across the country (as of 2010).
* Properties located downstream from dams are at an increased risk of flooding.
* Dam failure floods are almost always more sudden and violent than normal stream, river, or coastal floods.
* Just one inch of floodwater in your home can cause up to $25,000 of damage.
* Most homeowner, renter, and business insurance policies do not cover flood damage.
* While federal disaster assistance may be available after flooding, it requires a Presidential declaration and often does not provide as much financial assistance as flood insurance.
* You may only qualify for federal disaster assistance if you have and maintained flood insurance. Additionally, since second homes are not usually eligible for disaster assistance, flood insurance is the best way to protect this asset.
