Based on what Alabama Flood Insurance has learned over the years, we know that floods can happen anywhere.
In fact, floods and flash floods can happen in all 50 states. With almost 20% of all flood insurance claims coming from moderate- to low-risk areas – you don’t have to live in a high-risk zone to be affected.
What does flood insurance cover? Having flood insurance means you’re protected if groundwater rises and floods your home causing damage – something that isn’t usually covered general homeowner insurance. Just imagine a few inches of floodwater in your home and how costly that could be if you didn’t have flood insurance.
If you own a home or business in Alabama, consider this:
1
Three of the 10 costliest hurricanes in U.S. history have affected Alabama including Hurricane Katrina, Hurricane Rita (both in 2005), and Hurricane Ivan (2004) –all resulting in flooding.
2
Hurricane Ivan resulted in $1.6 billion in total flood insurance losses paid for by the NFIP (in all states affected) and Hurricane Katrina resulted in $16 billion in total flood insurance losses paid by the NFIP (in all states affected).
3
In 2016, there were over 50,000 flood insurance policies in Alabama.
4
Since 2010, coastal residents in Alabama have increased by 18,873 people (2.5%) according to the
U.S. Census Bureau.
5
According to AIR Worldwide, the total value of insured coastal properties in Alabama was $118.2 billion in 2013 – 13% of the state’s total insurance property exposure.
6
Flooding is Alabama’s second-most common natural hazard, occurring on average every 12 days.7
Alabama receives about 56 inches of rainfall annually, creating a high risk of riverine and flash flooding with coastal counties (such as Mobile and Baldwin) susceptible to storm surge from tropical storms and hurricanes.
8
17 communities in Alabama participate in the National Flood Insurance Program’s (NFIP) Community Rating System with Baldwin County and Birmingham being the highest-rated communities.
9
Between 2000 and 2015, 27 federal disasters and emergencies were declared for floods, hurricanes, and severe storms in Alabama.
10
During the same period, FEMA paid nearly 500 million in flood related individual assistance and more than 730 million in flood related public assistance.
Now that you know more about the risk of floods in Alabama, let Alabama Flood Insurance help you get the coverage you need to be protected!
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