Skip to main content

Don't Forget To Get Flood Insurance

By Editorial page staff, The Times-Picayune
Original article at http://www.nola.com

Hurricanes and floods are Louisiana's costliest disasters --which is hardly news for people who have lived through Katrina, Rita, Ike and Gustav since 2005.

But that is why it's disconcerting that only about one in every three Louisiana households has flood insurance, and that the figure peaked in 2008 and dropped a bit in recent years. As hurricane season gets under way, Insurance Commissioner Jim Donelon is urging homeowners to apply to the National Flood Insurance Program. That's sound advice.

Only 31 percent of Louisiana residents have flood insurance, or slightly more than 492,000 properties. That's a substantially higher number than the 380,000 properties that had insurance when Katrina hit in August 2005. After Katrina and Rita, many Louisianians purchased flood insurance, with the figure peaking at roughly 502,000 policies in 2008, the year Gustav hit.

Since then, the figure has dropped slightly, and that's not a good sign.

Mr. Donelon attributed the declines since 2008 to a "fading recovery" from the 2005 storms and the belief that a major storm is unlikely to hit soon, which is misguided.

It's true that experts are forecasting a relatively less active storm season in 2012, and Louisiana has avoided a direct hit from a major storm in recent years. But that shouldn't lull people into a false sense of security. A forecast for a less active season still means that there will be storms. Indeed, Colorado State University expects 13 named storms this season, with five becoming hurricanes and two reaching at least Category 3 intensity.

"All it takes is one" bad storm, Mr. Donelon said. He's right.

In 1992 there were only six named storms, but one of them was Hurricane Andrew. It devastated South Florida before hitting Louisiana as a Category 3 monster west of Morgan City, causing $500 million in insured damage in our state.

Residents on the north shore or in other areas farther away from the coast shouldn't assume that they're out of danger from flooding. Rains associated with Hurricane Gustav in 2008 caused widespread flooding in parts of Louisiana as far north as Alexandria and Monroe. That helps explain why more than a third of all flood insurance claims nationwide come from areas with low risk from flooding.

Yet many homeowners, especially in low-risk areas, don't know that their standard homeowners insurance doesn't cover flood damage. And according to NFIP figures cited by the Insurance Department, the average cost of flood insurance in our state is less than $60 per month, but the monthly cost in low-risk areas is less than $20. Hazard policies in South Louisiana, by contrast, can cost hundreds of dollars a month.

Residents who lack flood insurance shouldn't wait much longer to apply to the NFIP program. It takes about a month for a typical policy to go into effect, and that means those who wait could cut it close to the start of the most active part of hurricane season in early August.

That makes June a good month to check your coverage and make sure you're protected.

Comments

  1. The damage to property and human life caused by floods is immeasurable, flood insurance can create a huge difference. I appreciate the author's efforts in writing such an insightful article. Thank you for sharing this. Emergency Water Damage Services

    ReplyDelete

Post a Comment

Your feedback is important to us!

We invite all our readers to share with us their views about this natural disaster post.

Disclaimer: Comments posted below are from readers. In no way do they represent the view of Disaster-Report.com. This is a public forum.
Below views may be monitored for inappropriate content. Please note that your email address will NOT appear on the site. Read our privacy policy here.

Disaster Report reports recent natural disaster news 24 hours a day. A daily natural disasters list (published everyday) includes details of all (almost) natural disasters occurred worldwide. Click for recent natural disasters list.

Popular posts from this blog

The tremors of the earthquake were felt at intervals of 15 seconds (Answer)

Q: The tremors of earthquake were felt at intervals of 15 seconds. The first tremor was felt at 8:54:57 and last tremor was felt at 10:45:12. How many times were the tremors felt? A: The answer is 441 Difference of times = 10:45:12 - 8:54:57 = 9:104:72 - 8:54:57 = 1:50 :15 = 3600 + 3000 + 15 = 6615 seconds. Now, 6615/15 = 441 Still confused? Kindly, drop your query in the comment section below.

Global Natural Disasters Map 2021

Map of Major Natural Disasters 2021 Above is the major natural disasters occurred in 2021 so far. The natural disaster map shows the occurrences of recent natural disasters 2021 including earthquake, floods, tsunami, wildfire, tornado, hurricane etc. The information in the map (google map) is manually entered by  Recent Natural Disasters . It includes facts, statistics, photos, videos and links to detail report on particular natural disasters. Click on the icon above and a message will pop up with data about the particular natural disasters. Use the magnifying glass with the plus sign (+) to zoom in, and the minus sign (-) to zoom out. Do you want this natural disaster map? Just paste HTML below to embed in your website. You can adjust width and height according to your site layout. All global natural disasters of 2021 will be shown automatically once the code is added. <b>Map of Major Natural Disasters 2021</b><iframe  height="

Tornado hits Bombala, Australia

A tornado hit Bombala town of south-eastern New South Wales, Australia on Saturday afternoon, leaving considerable damage in its wake. The storm formed in the direction of the Bombala Golf Club was accompanied by very heavy rain and impressive thunder and lightning, Bombala Times has written.

Tibet/Nepal earthquake 2013 injures people

At least two tremors have been felt in Kathmandu, Nepal in interval of about 10 minutes. Updates below Felt reports below in comment section. Feel free to add yours! Update time Nepali (+5:45 UTC) Report prepared by Ashish Khanal from Kathmandu, Nepal Related post: List of earthquakes in Nepal in 2013 Update 09:18 A.M. At least one people died and three others injured in China, the official Xinhua News Agency said. Further 17 others from three tourist buses were trapped by quake-triggered landslides in Yunnan Province of China. Update 07:25 A.M. According to the China Earthquake Networks Center, another earthquake in the morning (not to be confused with midnight Tibet/Nepal earthquake) had magnitude of 5.9 in the border of southwest China's Yunnan and Sichuan provinces. The quake was felt strongly in the county seat of Deqen, Xinhua reported. Earthquake also triggered landslides, which blocked the traffic from Deqen to Benzilan in China.   Update 06:15 A.M. According to t

Flooding in Mauritius capital Port Louis: 11 killed

Recent flash flooding in Mauritius has claimed at least eleven lives. About 152 mm rainfall has been recorded in Port Louis within three hours. DR: If you are from the Mauritius area or have further news related to flash flooding in Mauritius. Please send any news, photo or video at: disaster-report(at)hotmail.com or use the comment box below to share your thoughts. Thanks Updates below You can also f ollow this event @ F acebook ( Disaster Report ), T witter ( Disaster_Update ) and Google +( Disaster Report ) Update 04:45 UTC -Water supply is currently disrupted in the Port Louis, the capital city of Mauritius. -Still one person from Grand Gaube, northern Mauritius is reported to be missing. Related post: Cyclone Imelda in Mauritius Grand Gaube Update 2013/04/01; 02:00 UTC One more body is reported to be found. If the report is true, death toll would be 12. However have to wait for the official message. Below is the photo of six victims of the Mauritius flood (Source