Floods are some of the most extreme weapons Mother Nature controls. From ice melts to levee breaks and flash floods, water has the potential to do serious damage. Oregon has a history marked with flood devastation. Flood insurance has been invaluable for many of those having to recover and repair after a flood. But those without flood insurance have had to pay for the devastation out of pocket. In a time of such need, having to pay for repairs yourself can be more disastrous than the flood itself, which is why flood insurance can be invaluable. Read the information below to find out what you need to know before searching for flood insurance quotes and coverage.
- Flashfloods are the number one weather-related killer in the United States.
- There are floods in Oregon almost every year.
- It takes only 6 inches of water to knock a person down.
- 2 feet of water will float a vehicle. Most flashflood-related deaths involve a vehicle.
Whether you're a homeowner, business owner or renter, flood insurance is a wise investment. If you live in a flood zone, flood insurance may be a requirement of your lender or landlord.
Flood Safety Tips for OR Residents
Before the danger of a flood is imminent, be sure to familiarize and prepare yourself and your family with some precautions. Here are a few tips to get your started:
- Know the flood risks in your community.
- Monitor weather reports, and have a battery-powered radio at the ready with extra batteries.
- Keep extra bottles of water available for your family.
- Keep non-perishable food and sundries available for an emergency. Additionally, keep extra food for any pets, an extra supply of medications and extra toiletries as well.
- Keep a copy of important documents, such as birth certificates, Social Security cards, etc., in a waterproof box in a high area or in a safety deposit box.
What Does Flood Insurance Cover in Oregon?
Flood insurance began the 1960s after flood-damaged communities rallied together to ask the government for help. In 1968, Congress created the National Flood Insurance Program.
The Federal Emergency Management Agency oversees the NFIP, and insurance companies offer the actual insurance policies.
Flood insurance is a type of policy that offers two types of protection: property coverage and personal belongings coverage. The property coverage portion of the policy covers the home's structure. Typically, this coverage is available in amounts up to $250,000. Be advised, however, that this coverage will usually exclude basements and attics. Personal belongings coverage covers personal items, such as clothing, furniture and electronics, and unattached appliances. Personal belongings coverage is available in amounts up to $100,000.
Getting Reasonable Flood Insurance Quotes in Oregon
Flood insurance rate quotes vary based on a variety of factors. However, below is a list of some average policy prices for a $35,000 structural and $10,000 contents coverage policy:
- High flood-risk zone – structure only: $457
- Low flood-risk zone – structure only: $381
- High flood-risk zone – contents only: $186
- Low flood-risk zone – contents only: $163
- High flood-risk zone – structure and contents: $580
- Low flood-risk zone – structure and contents: $527
Before getting accurate quotes from insurers, however, you'll need to answer a few questions. Be prepared to answer the following:
- Home location
- Home size
- Building materials
- Any attached structures
- Number of floors
- Value of possessions
- Home value
- Desired coverage limits
- Desired deductible
Potential insurers will consider these factors before giving you quotes to ensure you're getting the best coverage for your individual situation.
Obtaining Flood Insurance in Oregon Is Easy
Purchasing flood insurance is important for residents in Oregon. Having a professional agent by your side who is familiar with the area and its risks can be helpful in getting you get the best coverage at the right price. A Trusted Choice® agent is always available to help you find coverage, suggest policy modifications and even help you file a claim.
Contact a neighborhood Trusted Choice agent for information, quotes and coverage.