Memories of Hurricane Floyd are still fresh in the minds of many Virginians. That 1999 storm, and the resulting floods, destroyed thousands of homes throughout the state, causing millions of dollars in damage. The importance of preparing ahead of time for floods came to the forefront again last week as North Dakota and Minnesota residents braced for flooding in those states.
Floods can happen anywhere and at any time.
They can occur as a result of hurricanes, heavy rains, or melting snow. They leave a trail of destruction in their wake, as well as physical, emotional, and financial losses. If you live in a floodplain near a river, or if you live near the coast, Commissioner of Insurance Alfred W. Gross recommends that you consider purchasing separate flood insurance for your home. Homeowners insurance policies issued in Virginia typically do not provide coverage for damage to your home and belongings due to floods. This federally backed flood insurance is available to homeowners, renters, and business owners in communities that adopt and enforce floodplain management ordinances to reduce future flood losses.