The first anniversary of the devastating floods that hit the state last Octobers is a good time to get flood insurance, according to a University of South Carolina business professor.
Professor Bob Hartwig told South Carolina Radio Network that many home owners think they are covered for flood damage, when they are not. “Your homeowner’s insurance policy and your business property policy does not cover you for flood,”he said.
“No time like the present to get flood coverage,” he continued. “It’s available and it’s affordable.” Hartwig said there is a 30-day waiting period before flood policies take effect, so
Flood insurance can be purchased through the federal government’s National Flood Insurance program. Residents can go to floodsmart.gov and put in your address to tell you if you are in a flood zone.
“I want to make sure that people don’t get complacent,” Hartwig said. “We hear about a thousand year flood and people might think it’s going to be 999 years until the next flood, nothing could be further from the case. We are seeing more and more of these events all over the country, so no time like the present to get yourself protected.”