Why Flood Insurance is Crucial: The Ice Jam Edition

The Hidden Danger of Ice Jams

Living in Wisconsin, far from hurricane-prone areas, you might think you don't need flood insurance. However, the recent thaw across the Midwest serves as a stark reminder of why flood insurance is essential. The Wall Street Journal reported a temperature swing of 80 degrees in three days in Lone Rock, Wisconsin, from minus 39 to 41 degrees Fahrenheit. Such rapid temperature changes can lead to significant flooding.

The Impact of Ice Jams on Flooding

One of the most significant risks during a thaw is the formation of 'ice jams.' These occur when chunks of ice from frozen rivers melt and block the river's flow, creating artificial dams that can cause severe flooding. Last year, ice jams in Vermont and upstate New York led to extensive flooding, including a state highway being flooded for over a mile and several homes being inundated.

Why You Need Flood Insurance

Unfortunately, standard homeowners insurance policies do not cover flood damage. The National Flood Insurance Program (NFIP) was established in the 1960s to address this lack of coverage. If your community participates in the NFIP, you can purchase flood insurance through a private insurer. Private insurers have also started offering flood insurance outside of the NFIP, thanks to improved risk modeling techniques. Flood insurance typically covers physical losses to your home caused by floods or flood-related events, with some limitations. It's crucial to discuss the right flood policy with your insurance agent, even if you live in Wisconsin.