SPRINGFIELD, Mo - When it rains it floods. If you aren't protected with insurance that can leave you with a big headache. Flood damage is not cheap. In fact, FEMA estimates that just two inches of water inside your home can cost nearly $21,000 in damages. If you don't have the proper coverage that will come right out of your pocket.
"There are very few houses that are exempt, totally exempt, from flooding if we get enough rain," said Servpro spokesperson Will Sharples.
With torrential rains in the forecast now is a good time to figure out how prepared you are for flooding. "Your homeowners always excludes groundwater," said State Farm Insurance Agent Mike Breeding, "always has, always will"
Flood insurance does not come with homeonwers insurance. You have to buy a separate policy. "You can wait, but there is no instant coverage," Breeding said.
Flood insurance is different than other types of insurance--the day you buy it is not the same day you are covered by it. "You have to wait 30 days, 30 calendar days, after you've made payment and submitted your application before there is coverage on a flood policy," Breeding said.
Many homes have sump pumps. They are built to remove excess water around a home. "People who have sump pumps have a false sense of security," said Sharples.
Experts over at Home Restoration company Servpro says sump pumps won't always save you. "When we are talking about 10 inch rains, 8 inch rains, even 6 inch rains, when they come that fast it overwhelms the sump pump," said Sharples. "And then of course the water begins to back up into the home."
If your power goes out the pump could stop working altogether.
"Really, no matter where your house is sitting you're still susceptible to mother nature," Sharples said.
Additionally there are many things that are covered by flood insurance and things that are not covered. There is also Building Property damage and Personal Property damage. You have to buy those separate.
How much does flood damage cost? Check out FEMA's interactive application