Almost all communities now have regulations that prevent new developments in areas with a high risk of flooding. Assume, for example, a home lies on a 10-year floodplain. The 10-year flood is expected to occur on the average of once every 10 years and has a 10 percent chance of happening in any particular year. A house standing in the 10-year floodplain then has a 10 percent chance of being flooded each year. The following table gives an indication of the chance over time of being flooded for various locations of a property.
Floods are the most frequent disaster.
Floods are among the biggest weather-related killers. Severe flooding of your home or business can result in financial ruin.