When thinking about risk management, floods – and by association, flood insurance – are often dismissed as a wasted expense or optional add-on. Buyers rationalize that flash floods and damage from rainfall are things that only happen to “other people.” It brings to mind Noah’s ark, surging rivers, and tsunami waves crashing on the coast. Sadly, however, this is actually something that every person should be thinking about. Damage from elements, particularly water, can have a serious effect on your life.
The top three causes of flooding are:
- Too much rain
- Broken water main
- Clogged/blocked external drains