Preliminary estimates of the damages due
to the heavy flooding in South Carolina are believed to be over $1
billion. Unfortunately, many residential
and commercial property owners in the impacted areas did not have flood insurance. In fact, some experts have put the number of
people with flood insurance and damaged properties in the state at only about
10%.
Many conditions can result in a flood. Hurricanes,
overtopped levees, outdated or clogged drainage systems and the rapid
accumulation of rainfall are all common occurrences. Some property owners
mistakenly think that just because they haven't experienced a flood in the past
they won’t in the future. Flood risks aren’t just based on history, they are
also based on a number of factors that include rainfall, river-flow and
tidal-surge data, topography, flood-control measures and changes due to new construction
and developments in the area.
“A standard homeowners insurance policy doesn't
cover flooding,” said Tom Allen from
Hudson Douglas Public Adjusters, LLC. “While
it will likely cover water damage due to a faulty water heater, it won’t be of
any help in a flood. The storm in South
Carolina has been called a 1,000 year flood, but it happened and similar events
can happen anywhere. This is why it's so important and a good investment
to have flood insurance so a home or business has coverage for these types of
events.”
Policy holders
who encounter water damage due to floods or other reasons have access to the
insurance claims experts at Hudson Douglas Public
Adjusters. They represent policy holders and never works on the behalf of
insurance companies. Their clients can expect to obtain
the most accurate and comprehensive settlement possible so they can quickly and
properly rebuild their homes and businesses.
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