June 16th, 2011 3:58 PM by Lisa Carey
Are you ready for the storms? About 25% of claims paid by the National Flood Insurance Program last year were not in high-risk areas. So be sure to check flood maps for recent changes and know your flood zone, check with your home insurance provider for flood protection - even if you aren't in a flood zone, and get a hurricane plan. www.floodsmart.gov is a great resource for this important information.
According to floodsmart.gov, the cost of property damage by flooding rises by the inch:
Six inches of water = $39,150
One foot of water = $52,220
Two feet of water = $62,880
Three feet of water = $68,100
Four feet of water = $74,580
Above estimated cost of damages for average 2,000-sqft house, built on slab with typical household items, including furniture. Costs vary from state to state and home to home.