Water Damage from Flooding is the Most Expensive Natural Disaster in NH
Flood insurance policies in New Hampshire are not automatically included in your homeowners insurance. This is significant because flooding is the number one natural disaster in the United States and the most common natural disaster found in New Hampshire. Flood insurance claims nationwide have averaged 4 billion dollars a year in recent years.
Flood maps, created by the United States government, indicate where flood zones are located. If you live in a flood zone, and hold a mortgage on your home, then your mortgage lender will require flood insurance. The National Flood Insurance Program (NFIP) is a government funded program operated by the Federal Emergency Management Agency (FEMA). It was created to help you with the costs of insuring your home against the damages caused by flooding.
You can still purchase flood insurance in New Hampshire if you do not live in a flood zone as long as your community participates in NFIP. You can find a list of communities that participate at http://www.fema.gov/fema/csb.shtm
Heavy rains in New Hampshire are the culprit in most floods here. As little as a couple inches of water finding its way into your house can cause thousands of dollar of damage to your home. If you have surface water around your home from rivers, streams, ponds or lakes you may be at even greater risk. Even homeowners who do not live in flood zones can experience flooding due to extreme storms, changes in water run-off patterns, and flooding from overburdened storm drainage systems.
There's no such thing as a “no-risk” area, but if you live in a low risk area you may be surprised that flood insurance is affordable and will give you added peace of mind when the next storm arrives. Remember, flood insurance policies take 30 days to process, so don't wait for the black clouds to roll in before contacting us.