Those of us in the Northwest were recently hit with the first round of winter snowstorms. My children are avid weather watchers (in hopes of future school closures), so I understand that we are in store for several more storms in the coming months. Winter snow and ice inevitably result in a host of insurance claims. Some of these are relatively predictable. Think auto accidents and trees falling. Fortunately, many of these weather related claims are covered under standard home and auto policies. Snow and ice also bring the risk of a claim that most of us are unprepared for, flood. 

As we sit by the window watching the snow accumulate, we rarely think about where all that water goes when the snow and ice melt. According to FEMA (Federal Emergency Management Agency), over the last five years all 50 states have experienced floods. Homeowners insurance policies typically do not provide flood coverage. According to a recent USA Today article[1], only 12% of homeowners carry flood insurance. FEMA specifically notes that winter storms and snowmelt are common (and overlooked) causes of flooding. Another important consideration is that most flood insurance policies have a 30-day waiting period. In other words, if you buy a policy today, the coverage typically does not kick in for 30 days. As we head into the heart of winter storm season, you may want to consider purchasing flood insurance before it is too late. By purchasing the right insurance, the only risk of ice melting is in your glass of scotch as you sit by the fire.

If you need advice in purchasing insurance, have property damage at your home or community, including damage from natural occurrences like flood, or just want to invite me over for a glass of scotch to enjoy the holidays, feel free to give me a call.