Posted on Oct 19, 2016 by: Scott West
To most Americans, Hurricane Matthew was an exciting news story, now fading from memory. But for those on the coasts of the Carolinas, Georgia, and Florida, the impact is still being felt.
High winds, tidal surge, and rain-induced flooding have caused widespread devastation. People are still assessing the damage and working with insurance companies, especially on the Atlantic barrier islands.
In Florida, the current claim count is up to 39,302. It is estimated that the total insured value of all the claims will approach or exceed ten billion dollars. Damage to roads, beaches, and infrastructure will add to the cost over time.
Remember: Even if you don’t live on a coast, flooding can occur just about anywhere when ten or more inches of rain falls over a short period of time. If you don’t live in an area rated as flood-prone, the coverage is relatively inexpensive in exchange for peace of mind. Don’t wait until a major storm is already brewing to consider flood insurance; there is a thirty-day wait with the NFIP for coverage to go into effect!
Also, don't miss this great infographic from The Hanover Insurance Group.