March 17, 2020

Spring Flooding: Are You Prepared?

A recent article on Weather.com shows how warmer temperatures in springtime increase risk for spring flooding. This time last year, massive flooding triggered in the middle of the country lingered for months, causing extensive damage to homes and businesses.

As the temperature rises, packed snow and ice melt, creating snowmelt, flooding, and potential water damage. If a home or business is located very close to a creek, river or other body of water, it will be at a higher risk. When snowmelt begins to occur, running water will rise at a far faster pace than when there is little rain. If you add seasonal storms to the equation, the result is often severe flooding.

Despite the geographic factors, however, flooding is a risk to any home or business, whether inland or near the coastline. In fact, in the past five years all 50 states have experienced floods, and at least one in four businesses that shuts down from a natural disaster never reopens. According to the U.S. government, the average commercial flood claim in the past five years has been around $89,000, and the average property damage due to flooding adds up to more than $3.5 billion annually.
It is important to note that many homeowners insurance policies do not cover floods, making situations like spring flooding all the more dangerous. Please contact one of the trusted experts in Acrisure’s network of Agency Partners to prevent losses and damage to your property.