Understanding Flood Risk in Oklahoma
According to data from the Federal Emergency Management Agency (FEMA), certain areas with only a 1% chance of encountering a flood are classified as “high risk.” Alarmingly, there are locations in Oklahoma harboring a 26% chance of flooding over the course of a 30-year mortgage.
Flood-prone Areas in Oklahoma
Each location within the bounds of the state bears differing risk levels. Some of the most severe flood instances have been recorded in the areas surrounding Keystone Lake, West Tulsa, and Bixby. Moreover, the plucks of Oklahoma City have felt the tremors of serious water disasters.
Flood Maps and Risk Assessments
Using flood maps and risk assessments, you can find further insights about Oklahoma’s worst flood cases and risks linked with your location. Just remember, there is no such thing as zero risk, particularly concerning Oklahoma’s varied terrain.
Advice from Oklahoma City
Regardless of whether you’re a resident of Oklahoma City, the following advice is pertinent if you live in a floodplain. For thare unsure about their situation, it would be beneficial to ascertain their standing promptly.
Preventive Measures
It is strongly recommended that buildings in floodplains must maintain a minimum of one foot above the base elevation to minimize damage. These areas also need insurance, similar to the provisions offered by Insurance Source Solutions.
The Importance of Flood Insurance
In terms of insurance, it is of paramount importance to note that a basic homeowner’s insurance plan does not cover flood damage. Neither does the renter’s insurance. Also, don’t assume any other natural disaster coverage will compensate for a flood if it is not expressly included in the policy text.
Application Process and Waiting Period
Do bear in mind that there is a stipulated waiting period before your insurance coverage comes into play. Therefore, it necessitates collecting and preparing your data in anticipation of applying for a policy.
Procrastination is Not an Option
It’s crucial to act swiftly, especially for homeowners residing in floodplain regions. Delaying insurance procedures only serves to jeopardize your safety. Extend a hand towards securing the best flood insurance that fits you by contacting Insurance Source Solutions today.
