Houses surrounded by water are a sight to behold that seems to be more common in North Carolina.
“Don’t forget everyone who has experienced this,” said Barbara Pilcher, who had several feet of water in her New Bern home after Hurricane Florence.
The flood destroyed walls, floors, furniture, household appliances and souvenirs.
Everything, she said, was wet and smelly – it was already starting to boil in dampness and mold.
“I think maybe a quarter of what we had could have been saved,” she said.
Everything else was dragged onto the sidewalk.
Pilcher is grateful that she had flood insurance.
“If you didn’t have insurance, you would be in trouble,” she said. “Even a little water in a short period of time will do surprisingly great damage.”
New Flood Insurance Options Offer Broader Coverage
A typical homeowner or tenant policy does not cover floods – you need a separate flood policy.
“North Carolina has the seventh highest flood rate, but less than 10% of the population has flood insurance,” said Joanna Biliuris, chief operating officer of the NC Rate Bureau.
An organization representing insurance companies is working to spread awareness of another coverage option currently available in our state.
It is an alternative to a national program run by FEMA that caps home and property spending at $ 350,000.
Many insurance companies now offer flood coverage with higher coverage limits.
Plans start at $ 175 per year depending on coverage and risk.
“So if you are on the coast, you will probably pay more than, you know, if you are inland, here in Raleigh,” Biliouris said.
You can easily check your risk and estimate the cost with An online tool for mapping the flood risk information system in North Carolina…
Enter your address and it will show you the risk level for your location.
The calculator uses the square footage of your home, the height and value of the building to estimate how much you will pay for flood insurance.
Please note that a third of all claims filed with the National Flood Insurance Program were for low to moderate risk areas…
With that in mind, and the pouring rain and hurricanes we’ve seen, whether through a private company or NFIP, insurance is worth considering.
Take this from someone who was there.
“Oh, take insurance,” Pilcher said. “At least it’s worth it for your peace of mind.”
And remember: the policy must be in effect for 30 days before it takes effect.