Maybe Flood Insurance?, Jan. 22

Oregon Dept. of Consumer & Business Services release – Salem – Last week’s flash flooding is a severe reminder to consider flood insurance, especially in wildfire damaged areas. Flooding is the most common natural disaster in the United States. Just one inch of water can cause more than $25,000 in damage to your home. The Labor Day wildfires left much of the Willamette Valley and southern Oregon prone to flash flooding after the fires burned up the vegetation that absorbs rainwater and holds soil in place. A typical homeowners or renters policy does not cover flood damage. Oregonians can purchase coverage through the National Flood Insurance Program (NFIP) and a few private insurers. There is a 30-day waiting period. “Our hearts go out to all of the Oregonians affected by the recent storms, and we are urging everyone in or near wildfire damaged areas to consider buying flood insurance,” said Oregon Insurance Commissioner and Department of Consumer and Business Services Director, Andrew Stolfi. “Unfortunately, it will take years for the vegetation to recover from these wildfires, making these areas prone to flash flooding for the foreseeable future.” All Oregonians, especially those who live in or near wildfire damaged areas, are encouraged to visit floodsmart.gov or contact their insurance agent to ask about flood insurance.