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Flood Risks & Property Damage

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Published on Jan 13, 2016

As defined by the National Flood Insurance Program (NFIP), a flood is a general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow. Many conditions can result in a flood: hurricanes, overtopped levees, outdated or clogged drainage systems and the rapid accumulation of rainfall.

Flooding can cause devastating damage to a home or business so it’s important that people understand flood risks in their area, especially since most standard homeowners insurance policies don’t cover it. Keep in mind that just because a flood hasn’t occurred in a particular area in people’s memory, that doesn't mean it won't occur in the future. Flood risks aren’t just based on history; they are also based on a number of factors, including: rainfall, river-flow and tidal-surge, topography, flood-control measures, and changes due to building and development in the area.

Although flooding can happen anywhere, certain areas are especially prone to serious flooding. To help communities understand their risk, Flood Insurance Rate Maps (FIRMs) have been created to show the locations of high-risk, moderate- to low-risk and undetermined-risk areas.

• In a high-risk area, there is at least a 1 in 4 chance of flooding during a 30-year mortgage. All home and business owners in these areas with mortgages from federally regulated or insured lenders are required to buy flood insurance.

• In moderate- to low-risk areas, the risk of being flooded is reduced, but not completely removed. Flood insurance isn't federally required in moderate- to low-risk areas, but it is recommended for all property owners and renters.

• In undetermined-risk areas, no flood-hazard analysis has been conducted in these areas, but a flood risk still exists.

Properties that do flood may face more than just damaged building materials and belongings or even structural damage; they may also encounter indoor environmental issues. These may range from mold, bacteria and viruses to chemical contaminants. Older properties with lead-based paints and asbestos-containing materials are also often a potential hazard during cleanup, demolition and repair activities.

These are just a few things to know about flood risks and property damage. To learn more about this or other property damage, indoor air quality, environmental, health, safety or occupational issues, please visit the websites shown below.

Clark Seif Clark http://www.csceng.com
EMSL Analytical, Inc. http://www.emsl.com
LA Testing http://www.latesting.com
Zimmetry Environmental http://www.zimmetry.com
Healthy Indoors Magazine http://www.iaq.net
Hudson Douglas Public Adjusters http://HudsonDouglasPublicAdjusters.com

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