Reexamine Your Risk For Flood Oakland CA

Are you aware that everyone lives in a flood zone? Do you know floods are the most common U.S. natural disaster? Do you understand that your home is more likely to suffer flood damage than fire damage?

by Broderick Perkins
© 2008 DeadlineNews.Com



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Deadline Newsroom - Flood insurance is only mandated for properties in high-risk flood zones, but even if you live in a low- or moderate-risk area, you should bone up on the National Flood Insurance Program (NFIP).

To help get you started, here's a quick primer on floods and flood insurance.

• Floods are the most common natural disaster in the U.S. If you live in a flood plain, your home has a 26 percent chance (more than one in four) of being damaged by a flood during the course of a 30-year mortgage, compared to a 9 percent chance (less than one in ten) for fire damage.

• Your regular homeowner insurance policy typically does not provide benefits for losses caused by a flood, yet the NFIP says one in four flood insurance claims come from areas with low-to-moderate flood risk.

• That's because while everyone does not live in a flood plain, everyone does lives in a flood zone, says the NFIP. ...

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