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Storm surge provides another reason for home insurance

Posted On Tue, May 4, 2010

There are a number of reasons to purchase homeowners insurance - protection against theft, earthquakes, and fire.

However, a storm surge is nearly impossible to protect against, and it can be both financially and physically destructive, Insurance Journal reports. Howard Botts, vice president and director of development for First American Spatial Solutions, told Insurance Journal that "homeowners can mitigate against wind damage, but they're powerless, really, to do anything against storm surge." It's "such a large scale phenomenon that doesn't really respect construction and other kinds of things," Botts said.

It's nearly impossible not to feel the effects of a storm surge, Insurance Journal said. Hurricane Katrina was proof of that when many people discovered that their traditional homeowners insurance didn't cover storm surge or flood losses from damages. A storm surge can cause billions of dollars in harm.

When traditional home coverage isn't enough, consumers should speak to their insurance agents about additional protections like flood insurance. The National Flood Insurance Program was recently reinstated and approved for a five-year run. The majority of U.S. homeowners living in flood-prone areas receive flood insurance through the NFIP.ADNFCR-2297-ID-19758172-ADNFCR

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