Mitigating Flood Risks and Potential Insurance Discounts

Flooding can cause significant damage to homes and may occur with little warning. Fortunately, flood insurance can provide comprehensive financial security for policyholders, albeit at a cost. With this in mind, homeowners should take steps to mitigate their flood-related risks, as doing so can directly protect their property while potentially garnering lower flood insurance premiums.

Understanding Flood Risks

One of the first steps in flood risk mitigation is understanding your home’s level of vulnerability. Check flood maps and historical data for your area to assess the likelihood of flooding. Consider the grading of your property and your proximity to even smaller bodies of water, such as ponds and creeks, as heavy rains or rapid snowmelt could easily cause them to overflow.

Home Improvement and Flood-proofing Measures

Although all homes have unique features, consider applying the following general strategies to your property:

• Elevate critical systems. Elevate electrical panels, water heaters and other essential utilities to protect them from water damage.
• Install flood vents. Flood vents allow water to flow through your home rather than pooling around it, reducing the pressure floodwater can put on your home’s walls.
• Waterproof basements. Cellars and basements are particularly vulnerable to flooding. Use sealants on walls and install sump pumps with a battery backup.
• Maintain gutters and drains. Regularly clean gutters and drains to ensure water can flow away from your home efficiently.
• Consider and adjust landscaping. Use native plants and contour your yard to direct water away from your home.

Flood Insurance Discounts

Many insurance companies may offer discounts to homeowners who take steps to mitigate flood risks, such as through the following means:

• Elevation certificates—An elevation certificate verifies the elevation of your home in relation to the estimated flood levels in your area. You could qualify for lower rates if your home is above the floodplain.
• Flood-proofing measures—Demonstrating that your home has been made resistant to flood damage can lead to insurance discounts.
• Community rating system (CRS)—The National Flood Insurance Program’s CRS recognizes communities implementing floodplain management practices exceeding the NFIP’s minimum standards, potentially leading to discounts for local residents.

We’re Here to Help

Regardless of a home’s details or a homeowner’s commitment to protecting their property, flood-related losses may be inevitable. Fortunately, homeowners can find appropriate coverage at a fair price by taking appropriate precautions and working with a qualified insurance professional.

With over 50 years of experience serving homeowners and families, JSW Insurance is well-suited to assist in this process. Visit our website or call 925-737-1560 to get started today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.