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National Flood Insurance Program Funding Deadline Looms … Again

Author: Donna Conneely

Once again a deadline looms for the National Flood Insurance Program (NFIP). At the end of this month the program will no longer be funded, and sales of homes in flood-prone areas will grind to a halt.

Funding for the NFIP is a perennial problem, as the funding process gets caught up in partisan squabbling in Congress. This year has been particularly bad, with two cliff-hanger funding deadline dates — and we are not even halfway through the year.

This latest deadline, at the end of May, would halt the insurance program at the start of the hurricane season. Although currently insured properties will remain covered, new policies will not be issued, and these properties will have no flood protection. Without this coverage, the banks will not issue a mortgage, and therefore the property cannot be sold.

The insurance industry is calling for a permanent, long-term solution to the NFIP funding problem. As the situation stands now, the program is a political hot potato that gets thrown back and forth across the aisle. The massive debt incurred in the wake of Hurricane Katrina makes the program fiscally unsound, and there is little agreement about how to address the problems.

Meanwhile, those who rely on the NFIP to insure otherwise uninsurable properties are left hanging, always waiting to see if the program will survive its next funding deadline.

May 4th, 2012  |  Posted in Flood Protection  |  No Comments »

Flood Protection Tips

Author: Donna Conneely

There are several things a prudent home or business owner can do to minimize damage from a flood. Many of them are simple and easy to implement, while others may be more expensive and need to be thought out well in advance.

One of the most basic flood protection steps is to install one-way valves on pipes and drains. Called “check valves”, these devices will prevent water from coming into the building from the raging floodwaters outside. In many cases, this water is full of chemical and biological hazards, so the importance of excluding it from the building is critical. The same valves can also offer protection in the case of a main drain clog or water main break.

FEMA provides tips to help protect people and property from future flooding. Visit their website at FloodSmart.gov for more information

It is a good practice to check your drains regularly. In the event of a major flooding event, clear drains may not be able to fully remove the massive amounts of water, but blocked drains will surely add to the problem in a big way. Some buildings have drainage ditches around or near the property. If these are kept clear, the property will have a much better chance to emerge from the flood with minimal damage. Putting this task on your regular maintenance schedule will pay off with dividends during a flood.

Another simple yet critical step is to store all important items in the highest spot available. Electronic equipment, important papers, family photos- all these things should be kept on the second floor if possible. If that is not a possibility, the items can be safely stored on a high shelf or in watertight containers. After a flood or other disaster strikes, it will be important to be able to access the paperwork needed to make an insurance claim. Of course, family photos are irreplaceable, so they should be protected from harm at all times.

Sandbags are not very effective against severe flooding, but having them on hand, along with some plywood and strong nails, can help minimize the damage brought by a hurricane or severe storm. Nowadays, we generally have some warning when a big storm is on the way, but often there is not enough time to go to the DIY stores to buy supplies — if the stores still have what you need.

A business property is particularly vulnerable to extensive and expensive damage from floods. Fortunately, modern flood protection measures can make a huge difference. Today’s flood panels can be custom-fitted to any property and some are passive devices, meaning you do not need to do anything to implement them during a disaster. Some flood insurance policies will deduct part of the cost of this equipment from your premium. Flood panels and other flood protection measures can prevent a disaster that can disrupt, destroy, or even bankrupt a business.

Thinking ahead, having a basic flood protection plan, and conducting regular flood mitigation maintenance inspections — all these measures can reduce misery, expense, and damage during and after a flood.

April 16th, 2012  |  Posted in Flood Protection  |  No Comments »

Extreme Flood Risk for 5 Million Americans

Author: Donna Conneely

There are almost 5 million Americans living in coastal properties that will be at very high risk for extreme floods in the near future. The so-called “100-year flood” events will become so frequent that the bar will need to be raised much higher for the label to be appropriate. What was once a 100-year flood may soon become an annual event.

Global Warming Flood Risk

By 2030: The percentage of extreme coastal floods in at-risk cities throughout America due to global warming. Source: www.dailymail.co.uk

The problem is caused by rising sea levels, which is now considered to be an unstoppable phenomenon. The polar caps are melting very rapidly, and have reached the point where further melting is inevitable. All this newly melted fresh water has far-reaching consequences, going way beyond simply raising the water levels, as the influx of warmer and fresher water influences climate patterns, currents, and air movements.

The process of global warming causes ocean water to expand, thereby raising water levels, influencing currents and wind patterns, and setting in motion processes that speed up the warming of the planet. It is a circular set of inter-related actions that is beginning to spin at ever increasing speeds. For example, the increase in world sea levels since the year 1880 was about 8 inches, but the predicted increase for the coming century is between 3-7 feet.

In low-lying states like Florida, properties worth many billions of dollars are thought to be at extreme risk from rising sea levels and the more intense storms that will be the result of melting polar caps and climate change. Properties that have been considered well-protected from floods may soon be devastated by floods and storms that are suddenly off the scale of anything we have seen in the past. Some areas that are currently densely populated may have to be abandoned altogether, while others that have been relatively safe until now will suddenly find themselves on the front lines of flood defense.

Many parts of California are expected to encounter flooding — even in areas that have never before flooded. This exposure will be particularly destructive, because these regions have not yet installed any flood protection measures. Naturally, it is much more expensive to beef up flood barriers after a flood has destroyed the property, so business owners on both coasts may be well-advised to work on a flood protection plan now, before the deluge.

April 9th, 2012  |  Posted in Flood Protection  |  No Comments »

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  • RSS Google News: Flooding

    • Tropical storm watch discontinued, but coastal flooding possible - Charleston Post Courier
    • Communities Still Recovering From 2011 Flood - Mississippi Public Broadcasting
    • Aid sent to flooded-ravaged nation - The National
    • An undecided Senate panel hears plans regarding the National Flood Insurance ... - Live Insurance News
    • North Platte park recovers from 2011 flooding - Grand Island Independent
    • Flood kills 19 people in northern Afghanistan - International News Network
    • One dead as Tainan hit by floods - Taipei Times
    • Flooding risk to Gipton homes reduced by storage tanks - BBC News
    • Earthquakes and flash floods make for a bad weekend - DigitalJournal.com
    • Flash flood kills 19 in Afghanistan; many missing - USA TODAY
    • Flood control firms sought - Mohave Valley News
    • Netanyahu warns of infiltrators 'flooding' Israel - Jerusalem Post
    • Warm spring creates moldy mess for flood victims - Citizens Voice
    • After the flood: Residents still dealing with effects from rising waters - Natchez Democrat
    • Reopening After the Flood - WSAZ-TV
    • Storms led to floods, later Lake Lanier - Gainesville Times
    • Creative fix for flooding problem - The News Journal
    • Flash floods derail Franklin County train park, club to rebuild - WSLS
    • Reed vote points to flood zone issue - Ithaca Journal
    • As repairs continue, Corps announces 2012 flood outlook - Leavenworth Times
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