Flood Insurance by the Numbers
Wright Flood has created Flood Insurance by the Numbers, an infographic designed to help home and business owners understand the risk for flooding, no matter what flood zone your property may fall under on paper.
For instance, did you know that 99% of the counties in our country are impacted by floods? Or that nearly $14.5B was paid by the National Flood Insurance Program (NFIP) from 2017-2020 to cover flood damage? Despite these shocking statistics, only 12% of homeowners in the U.S. have flood insurance.
Think you’re safe from flooding? Think again. Risk is everywhere, with one-third of FEMA disaster assistance going to homes in low-to-moderate risk flood zones – the ones people mistakenly think aren’t at risk. One in four of homes in those low-to-moderate risk flood zones will experience flooding.
When considering the risks of flooding, and the risks of not having flood insurance, keep in mind that the average NFIP insurance claim was $52,000 in 2019, while the average yearly NFIP flood insurance premium was only $700.
Check out the infographic below for more details on the impact that flooding has had on homes and businesses in all corners of the country. If you’re interested in purchasing flood insurance to keep your home and community safe, call 866-373-5663 to speak to a local Wright Flood Insurance agent or visit WrightFlood.com today.