Hurricane Sally's Impending Flood: A Wake-Up Call for Flood Insurance Awareness

Hurricane Sally's Slow March Towards the Gulf Coast

As Hurricane Sally inches closer to the Gulf Coast, the National Weather Service has issued warnings about potential flash floods in parts of Alabama, Georgia, Mississippi, Louisiana, Florida, and the Carolinas. The storm's slow movement is expected to bring significant rainfall, leading to historical flooding in these areas.

Low Flood Insurance Coverage Rates in At-Risk Areas

Triple-I, a leading insurance industry research organization, has estimated the percentage of properties in these flood-prone counties that are covered by flood insurance. The findings are alarming, with purchase rates being remarkably low in some areas. For instance, in Taylor County, GA, only 0.09 percent of properties are insured against flooding. This is in stark contrast to areas like Miami-Dade County, FL, where 10.5 percent of properties are covered, indicating a significant disparity in flood insurance awareness and preparedness.

The Urgency of Flood Insurance and Practical Advice

Standard homeowners and renters insurance policies do not cover flooding. Coverage is available through the National Flood Insurance Program (NFIP) and an increasing number of private companies. However, NFIP policies purchased now would take 30 days to take effect, while private companies typically have a waiting period of about 14 days. Given the imminent threat posed by Hurricane Sally, now is the time for residents in at-risk areas to consider their options and take action to protect their properties.