Submitted by Ken Claridge
From personal experience – Most flood insurances are only covered in the event you actually live in a “flood plain”. After the flood on the Gila River in 1978, my brother and I plus several other members of my family received government loans based on losses from this flood. One of the stipulations of the load was that you were required to purchase flood insurance.
Shortly after, my brother married and moved to Morenci, AZ. He lived a couple thousand feet above the river level. We had a storm that dumped four and three quarters of an inch of rain in less than an hour and the run off from that flooded his house situated on a steep hill. The insurance adjuster told him that the insurance was not valid in that instance because he didn’t live in a flood plain.
People should verify with their insurance agency they will be covered where they are purchasing the insurance for prior to laying out any cash for something that may be absolutely useless and a waste of their money.
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