RIEMA Urges RI Residents to Purchase Flood Insurance in Preparation for the Spring
The winter months bring all kinds of wet and snowy weather, but they also bring about a variety of conditions such as heavy rains, ice jams and rapid snowmelt that can increase your flood risk. In addition, winter storms can generate high winds that may result in widespread tidal flooding and severe beach erosion along coastal areas.
In anticipation of the potential risk of Spring flooding, RIEMA is urging residents to purchase flood insurance. Policies purchased now will be effective 30 days after the premium is paid and will remain in effect for a year.
Many people mistakenly believe they must live in a high-risk zone to buy flood insurance. However, more than 25 percent of the claims paid are from areas at medium or low risk for flooding. To learn how your property is zoned, visit www.FloodSmart.gov.
NFIP insurance is sold through private insurance agents. Homes can be insured against flood damage for up to $250,000 and commercial buildings up to $500,000. Separate policies covering contents can provide insurance up to $100,000 for homes and $500,000 for commercial properties. Renters can insure their personal property for up to $100,000.
For more information on NFIP, call 888-379-9531, visit www.FloodSmart.gov, or call your local insurance agent.