Why Flood Insurance Is Important in Wildfire States
The risks of living in paradise are on full display in California and other Western States this year. But Mother Nature can be volatile and 2020 has already been one of the most active fire seasons in history. So far in 2020, over 3.6 million acres have burned in California1.
While Westerners are resilient, the risk of flooding when the rain season starts will dramatically increase in and around burn scarred communities. It was less than three years ago that the Thomas fires in Montecito, California, caused deadly floods and damaged over 400 homes, altering the flood plain for years.
What can agents do to help? Your customers may not be aware that wildfires increase the risk of flood as the vegetation recovers. Take the time to educate your clients and be their flood subject matter expert. An estimated 25% of floods occur in low to moderate flood zones and flooding accounts for 65% of all property losses.