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Homeowners Urged To Assess Flood Risk

Warmer temperatures signal the arrival of spring but also contribute to snow melts and the risk of flooding in certain parts of the country. That means there is no better time for consumers to assess whether they are adequately covered for flood-related losses, according to the Insurance Information Institute.

More than 20% of all flood insurance claims are filed in low-to-moderate flood-risk areas, the institute has found, and too few consumers realize that affordable flood insurance is available through the Federal Emergency Management Agency's National Flood Insurance Program.

According to FEMA, floods, including inland flooding, flash floods and seasonal storms, occur in every region of the United States.

"Everyone should consider purchasing flood insurance. In fact, 90% of all natural disasters in the U.S. involve some type of flooding," said Jeanne M. Salvatore, the institute's senior vice president and consumer spokesperson. "There is also a 30-day waiting period for flood insurance policies to go into effect, so don't wait until the flood water is rising to call your insurance agent or insurance company representative.

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