Every year, flooding causes more property damage in the United States than any other type of natural disaster. While recent construction practices and regulations have made new homes less prone to flooding, many existing structures are still vulnerable and flooding can occur outside the high-risk areas. The best way to prevent loss is to know your
flood risk and
protect your property to minimize the possibility of floodwaters damaging the structure. Common protection measures include elevating the building and utilities above flood levels, relocating structures to higher ground, making wall openings near the ground in non-habitable areas to allow the entry and passage floodwaters, and constructing flood barriers such as berms or floodwalls. It is important to avoid endangering a neighbor’s property due to your flood protection measures.
It is also important to keep potential wind damage to structures in mind. Keep in mind that hurricane shutters and reinforced garage doors can significantly reduce wind damage.
The second most important protection measure against flood damage is to purchase flood insurance to prevent financial loss if your property floods. Standard homeowner’s insurance does not cover losses due to flooding. For many people, their home and its contents represent their greatest investment. There is a 26% chance that property in the SFHA will experience a flood during the life of a 30 year mortgage. Clay County participates in the
National Flood Insurance Program, which makes federally-backed
flood insurance available to all residents and property owners. This flood insurance is required for properties in the SFHA purchased with federally-backed mortgage programs or other federal financial assistance. There is usually a 30 day waiting period before a flood insurance policy takes effect. Residential buildings may be covered for up to $250,000 for the building and $100,000 for the contents. Non-residential structures may be insured for up to $500,000 on the building and $500,000 on the contents. Contents-only coverage is available for renters.