Flood Insurance: Introduction

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Little known facts about flood disasters Did you know that... Flood is the most common disaster 90% of all presidentially declared disasters involve flood Only 10% of all disasters are declared 30-45% of all floods involve non-special flood hazard areas Property within a Special Flood Hazard Areas (SFHA) stand a 26% chance of being flooded within a 30-year time frame 95% of the two million California properties required by the Federal Disaster Protection Act of l973 to have flood insurance are currently unprotected Flood damage to property in a special flood hazard area is 26% more likely then a fire Failure to place flood insurance coverage is fast becoming a major cause of errors and omissions claims against agents and brokers

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Not only are policy forms, clauses, rules and court decisions constantly changing, but forms vary from company to company and state to state. This material is intended as a general guideline and might not apply to a specific situation. The authors, LunchTimeCE, Inc., CEfreedom, and Insurance Skills Center, and any organization for whom this course is administered will have neither liability nor responsibility to any person or entity with respect to any loss or damage alleged to be caused directly or indirectly as a result of information contained in this course.